Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Bill/WA who wrote (74393)	3/2/2001 3:08:44 AM
From: KeepItSimple	Respond to of 436258

>If I decide to buy puts with no open interest the options markets have >to supply them, don't they? Yes, but only something lame like 10 contracts at the current ask price. Then they can jack the price up to whatever they want before you can buy the next 10 contracts. The option markets are required to supply minimum levels of liquidity. Strangely enough, I have found etrade to have INCREDIBLY good options executions (less than 10 seconds if you hit the ask) The worst, by far, is Charles Schwab. Those guys are simply pathetic and impossible to use as an even semi-daytrader tool.

To: Bill/WA who wrote (74393)	3/2/2001 9:42:05 AM
From: pater tenebrarum	Respond to of 436258

Bill, that's simple: if they go off at the bid, they're being sold. of course in every transaction there's a buyer too...but basically if you see big blocks going off at the bid, and a concomitant rise in open interest, the puts are being sold.