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


To: Vendit™ who wrote (5503)2/27/2005 10:38:31 PM
From: Walkingshadow  Read Replies (2) | Respond to of 8752
 
<< options are driven from the “pit” and not from trader / broker / trader. >>

Yes. The tail does not wag the dog.

That said, as Jill implied, there are ways to get good options executions through brokers that have seats directly in the pits. In that circumstance, usually you can step in front of the inside bid/ask and get hit quickly.

The things I am speaking of apply to most traders however, because most traders use the more common brokers that do not directly execute your options trades, but are paid for that order flow, and sometimes your order may flow to several places before it gets filled. God knows how many people have skimmed off the top by then, and God knows who in the world finally fills the damn thing.

T



To: Vendit™ who wrote (5503)2/27/2005 10:49:07 PM
From: Jill  Read Replies (1) | Respond to of 8752
 
That's the key--volume high. Sometimes volatility is not as important, as I found trading MSFT options last year. Gee, I"m talking so much about this I guess I should start doing that again. I'll have to take a look this week.



To: Vendit™ who wrote (5503)2/28/2005 5:18:23 AM
From: Walkingshadow  Read Replies (2) | Respond to of 8752
 
Hi Reid,

I noticed this thread was #1 on the "Hot Topics" list on the SI home page yesterday.

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T