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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Street Walker who wrote (12430)8/1/1998 11:15:00 PM
From: Jenna  Read Replies (1) | Respond to of 120523
 
What has your experience been trading options through AB Watley? I'm not a really "complicated" option player and I have been trading options through their instant execution for about 18 months now. I only buy/sell calls and once or twice a month I buy a put. They have an addition called 'turbo options' that is even better equipment for options traders. Check out their turbo options.

Other software.. Well I have Option Search by Telescan but I usually tracek the 'underlying' and not the option. The only time I make use of option search is screening them before an earnings report to follow the volatility, open interest, extraordinary volume etc.

Do they offer real time option quotes on all the major
and regional markets? Yes the do. Are you able to direct your order
to the best market at that time? Yes they have improved on that in the last 2 months.

Do they offer a Limit Order Book for the options you are traking? Well I usually get a complete fill but then I am conservative and don't usually get more than 10 calls.

IF NOT, do they search for the best fill? Yes they do. Are confirmations timely?
Yes they have a fast market for options and the confirmations (on market orders) are instantaneous. On limit orders they take longer depending on the volume of the stock. I usually trade the same options over and over and have learned their spreads, price patterns by now (i.e. CSCO, HBOC, LCOS, BBY, YHOO, WMT, AVEI, ATI, DH,LU,AOL etc.)

As I said earlier, I'm weaning myself away from options and don't usually hold more than 2-3 at any one time, so I dont' really 'tax' their system that much.