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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Walkingshadow who wrote (5495)2/27/2005 9:37:22 PM
From: Venditâ„¢  Read Replies (2) | Respond to of 8752
 
Terry - THINKING OUTSIDE OF THE BOX:

I have a question for you.

Re: So, often, they will ignore your limit, and just kill it unless the contract moves and the spread passes you by completely, in which case you could have filled with just a market order anyway.

My question is this: Can you place an option limit order BETWEEN the bid/ask and expect your order to execute?

I use this technique every day on open market orders and it works every time if you are using a GOOD STREAMER.

Reid



To: Walkingshadow who wrote (5495)2/27/2005 10:04:25 PM
From: Jill  Respond to of 8752
 
Interesting.
I never use market orders on anything, then you really get killed.
MSFT was good as the volume was so high and my amounts so small relative to volume, on certain options, but for whatever reasons I stopped.
It seemed that dagush was doing this, so I was curious.
I am not so scared of ITM or ATM options, OTM are scary.