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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: wmwmw who wrote (850)	5/28/1998 10:27:00 AM
From: MJR	Respond to of 2241

>But if I do not specify as AON, I will get partial fill, right? Maybe, maybe not... It all depends what they can do on the floor.. Usually they do their best to get complete fills.. but, in such a large order, on most options, I wouldn't be surprised if you'd get a partial fill... Unless your trading a high volume option such as MSFT or the OEX contracts - in that case, full fills should be the norm. BTW - some brokers put a limit on the size of the position.. 100 contracts represents the right (but not the obligation) to buy/sell 10,000 shares of the underlying stock. Mike