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

To: steve goldman who wrote (2785)	3/31/1998 1:26:00 AM
From: Jim Lass	Read Replies (1) \| Respond to of 4969

Steve, Great thread with excellent info on trading NASDAQ stocks. I trade options primarily and have a few questions about the mechanics of how these are traded: 1) Since I mostly sell options, how does the market maker hedge his position when he buys puts/calls from me. Example: I sell 10 INTC Apr75p @ 1 1/2 when INTC is @ 76 2) Is there any obligation of the market makers to buy/sell at the posted bid/ask prices? I thought I once heard that they are required to fill 10 contracts @ the bid/ask price. 3) Is there any way to tell if a certain stock is using several market makers or one designated primary market maker? 4) Any advice on how to best get large trades through on a thinly traded option? Is it better to break up the order, use fill-or-kill orders, or something other technique? Thanks for your help! Jim