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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: jjs_ynot who wrote (43897)5/26/1998 11:17:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
Most orders go to the floor as limit price or better. By the time it got to the floor if
the trade was better, you got the price. A lot depends on the specialists that the firm
has under contract IMO.


that is the controversy....about what happens on that floor

and people are always talking about how they get screwed...

does the option guy see an order coming in and change the bid and ask...does the brokerage house screw them....etc etc etc etc etc...

and remember I SOLD to close at the high of the day

my order was entered around 4:05
after I got off the phone with the broker....i logged into the real time quote site (never really REAL time) and there were quotes at my limit order price going off....but since I dont have time and sales I dont have anything to compare to..

futures holding up pretty well considering what the foreign markets are doing