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

To: victor pan who wrote (49982)	8/17/1998 8:58:00 AM
From: Nemer	Respond to of 58727

Victor : ---> the bid/ask is 14.125 /15.375. how do you overcome such a huge spread? do you use limit order? my experience was that it takes much more time to fill a limit order. The manner I use to overcome that large a spread is ----- not to trade... Normally, I use market orders because I want execution within 15 seconds and I follow the real time quotes and updates closely enough that I normally know the exact price at which I'll get filled or sold. You're correct about the time to fill a limit order. The large spread is the reason I've retreated to the OEX ..... I find that at the money and in the money options there are usually 1/8 or 1/4 spread ....... while I do understand that you have to multiply that spread by a tad more than 2 to get to the value of the SPX, it's still small enough that I can operate and make a profit. Regards ---- Nemer