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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: pranadude who wrote (13111)	8/5/2000 12:29:04 PM
From: Bridge Player	Respond to of 14162

IMO this is sometimes possible under certain conditions, e.g. the underlying is in a very tight range, and there is a lot of volume in a low-priced option with a narrow spread, such as an IBM trading 2 3/8 at 2 7/16. Usually, with me, it happens when it turns out I didn't really want the trade after all <g>. If you try to buy at the bid, more often the stock will have to move 1/2 or more against you in order to get a fill. Once in a position, it seems easier to sell at the offer during a strong short-term trend going in your favor because of demand from the public jumping on the trend. BP

To: pranadude who wrote (13111)	8/5/2000 1:20:14 PM
From: Herm	Respond to of 14162

Hello Richard, It was not long ago that a few online brokerages allowed the investor to actually pick the exchange routing for the buy and/or sell. Thus, if you had the time you could monitor the price differences among the different exchanges and try to capture that price difference that the big brokerages keep in their pockets. New regulations are wiping out that price advantage with ECN routing of all of the exchanges. What they sometime show you on the screen may not be "real time" as they claim for ALL of the exchanges best price. Maybe they only show you just one! I notice the www.mrstock.com where I trade my spreads shows the exchange(s) with their quotes. At least, I know they are working for my be interest.

To: pranadude who wrote (13111)	8/5/2000 1:20:43 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Hello Richard, It was not long ago that a few online brokerages allowed the investor to actually pick the exchange routing for the buy and/or sell. Thus, if you had the time you could monitor the price differences among the different exchanges and try to capture that price difference that the big brokerages keep in their pockets. New regulations are wiping out that price advantage with ECN routing of all of the exchanges. What they sometime show you on the screen may not be "real time" as they claim for ALL of the exchanges best price. Maybe they only show you just one! I notice the www.mrstock.com where I trade my spreads shows the exchange(s) with their quotes. At least, I know they are working for my be interest.