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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (507)	3/1/2006 9:33:22 AM
From: Taro	Respond to of 20435

I modified it and I believe it should now work as intended. Yeah, I read the whole thing again and got pretty much what was important to say. None of us is or will ever be another Will Shakespeare ;) BTW, from my Buddy Bob again (saw your post somewhere): The big % spreads in OTM options are not likely to go away. This is the floor-trader's profit for taking a lot of risk. To make a market in thinly traded options they MUST employ a big spread or they would be out of business. It's not a matter of fractions or decimals - it's a matter of what price a floor-trader is willing to accept. In essence you have to do business his way, or do no business at all. "My way or the highway". Floor traders must survive, or there would be no options market. In my opinion no one is getting ripped off; it's just a matter of understanding the realities of how the options market works. Harsh words, right? Guess the traders are doing what they can to keep the commies out of the trade!