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To: Patrick Koehler who wrote (26930)	1/21/1998 6:13:00 PM
From: DavidG	Read Replies (2) \| Respond to of 53903

Patrick, First, when I tried to sell my calls earlier in the day at 5 1/4, the bid-ask moved up to 5 3/8 - 5 5/8 and was not filled. I did get it filled late in the day. If this is a limit order and the calls moved to 5 3/8 - 5 5/8 I am not sure why it did not fill at 5 3/8. If it did not fill maybe you could have canceled the order and then re-enter a sell order at market. I have had problems in the past when option orders are not filled and I felt it should have, but it turned out not to be the problem of Fidelity but rather the exchange. Sometimes in-the-money options have very low volume and it seems like the exchange is playing games with filling orders...and if you try to cancel they will not release the order but rather keep it as "pending cancel" for rest of day. When this happens I quickly call the broker to fill my order rather than wait for internet order to fill. I bought PUTS today MUPGs and thought I paid 5 1/4, but the volume was heavy and got half filled at 5 1/8...so you never know. sometimes it goes in your favor and sometimes not. I expect a down day tomorrow at open for techs b/c MSFT hinted of SEA sales slowdown, but you never really know. Good Luck Trading DavidG

To: Patrick Koehler who wrote (26930)	1/23/1998 3:04:00 AM
From: John Graybill	Read Replies (1) \| Respond to of 53903

The CBOE is allowed to play games with you, in fact. They have 15 minutes to "correct" the b/a before deciding to fill you or not. However at that point if you are hitting the bid or ask, and don't fill, you can tell your broker to raise hell. I've had this happen to me three times and got it it fixed every time. Turns out they were all pretty good winning trades within a day or two, as well. Is that why they blew me off until I yelled? Heaven forbid that the CBOE market-makers would try to screw a retail customer!