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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (1899)	12/4/1997 8:53:00 PM
From: Don Green	Respond to of 4969

Whoa gang! Steve, you know YOUR attitude got me to post here " I am a professional trader. I head our firm's trading department, I hire traders, I fire traders, I handle the majority of the large orders and work all the orders from the institutions that do business through us. " Think about you say, before you piss off others... Give others credit for knowing something about investing.. Don

To: steve goldman who wrote (1899)	12/4/1997 9:20:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 4969

Steve, I just got tired of Donny Boy berating people.The guy's a nitpicker so I had to expose some of the absurdities that this guy offers.I love this thread and your input is great.Your posts are not too long and you don't claim to be anyone your not.Sorry to litter the thread but c'mon the guy owns real estate in Fla and the mental exercise thing and yadda yadda yadda.You've got to admit the guy's got some zingers.I'll post no more garbage.GD

To: steve goldman who wrote (1899)	12/5/1997 10:06:00 AM
From: Gregory Cole Brock	Read Replies (1) \| Respond to of 4969

Steve, Any idea why markets are moving up with respect the econ data today? I expected a down day on this news. Greg

To: steve goldman who wrote (1899)	12/5/1997 10:20:00 AM
From: Steven Bowen	Read Replies (1) \| Respond to of 4969

Steve, following up on NukeIt's option question, could you give a short primer on how options are traded? ie traded using a market maker system just like the NASDAQ stocks? - if so, is it the same MM's usually making the market in the stock? - will MM's go short (naked) options to meet buy offers or are all buys only filled when someone else wants to write a covered call? Volume on most options are usually so low, it's just hard to see how the MM's can ensure a market. On the side, I get ALOT of price improvements on option orders thru E*Trade when it doesn't look like I should (but I'm not complaining, I'll take them). For instance this morning an option was bidding 3/8, asking 9/16. By the time I put a limit order in to buy at 1/2, the stock actually upticked. Within a minute or so I got confirmation back that they filled my order at 7/16. Totally unexpected. Do you have an explanation why improvements like this happen fairly often? Thanks for your efforts, Steve