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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Maurice S. Green who wrote (13275)1/20/1998 6:58:00 AM
From: robnhood  Read Replies (2) | Respond to of 18056
 
Maurice, bid for longs, ask for shorts.I'm not sure what funds use, could be the last sale.
russell



To: Maurice S. Green who wrote (13275)1/20/1998 10:10:00 PM
From: Mark Nelson  Respond to of 18056
 
Maurice,

re: "What do you value your
portfolios at ?? Do you use Bid, Asked, or Last Sale ?"

Currently my open positions are mostly options (long and, I might add, painful S&P 500 puts) which are ultimately marked to the mid-point between bid and ask if held to expiration. Hopefully, this will not be the case and I will sell them before the fateful day. So I too, have to use the bid price as the value.

I see Russ has also responded. Thanks.

Mark


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