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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: flickerful who wrote (30986)	10/9/1998 7:22:00 AM
From: Vitas	Read Replies (1) \| Respond to of 94695

Flick, yes, as long as the offer was still there when the five minutes was up. However, on OEX options, just because the offer is there on a floor order, you don't necessarily get filled because the offer may have be there only momentarily, and the 2 dollar options broker may have been sipping his coffee at that second. The thing to do is to ask when the order was time stamped as received, and then get a time and sales report from the broker or the CBOE or whatever exchange for the option involved and see what the bid/asks and trades were, up to five minutes later on a floor order. You also have to determine if you still want them if the market for them has changed since then. Vitas