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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: nihil who wrote (72678)	10/16/1998 6:18:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 176387

Use a +/-1/8 difference on the > $3 options and +/- 1/16 on cheaper options.... Dang! I usually do market orders on options. If this works on Dell calls and LEAPS, you're going to have saved me a bundle of $$$$$$$$$. From your message, this sounds like it applies more to NASDAQ rather than NYSE options?

To: nihil who wrote (72678)	10/16/1998 8:40:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Nihil, I think you are fooling yourself on this. Unless you are very big I doubt that you have the power (the Fox Bros., Jensen?) to become the market. I routinely use the same technique as you, but I don't think it results in a decrease of the bid/ask spread. I think the prices simply move to reflect the market conditions of the underlying stock. TTFN, CTC

To: nihil who wrote (72678)	10/16/1998 11:25:00 PM
From: Sig	Respond to of 176387

<<< When you want to buy an option offer 1/16 more than the bid, and you will become the market bid and get the next market order.>>>> Thanks for the tip. will certainly keep it in mind. Sig

To: nihil who wrote (72678)	10/19/1998 1:58:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 176387

On Chuzzlewit's point... I routinely use the same technique as you, but I don't think it results in a decrease of the bid/ask spread. I think the prices simply move to reflect the market conditions of the underlying stock. I have bought and sold dozens of calls over the past few months, mostly as markets orders. I see a real time quote just as I enter the order, and execution is usually quite fast (2-3 minutes). Sometimes I get the Bid/Ask I saw in the real time quote, sometimes it's a bit more, sometimes it's a bit less. So, are you certain that Chuzzlewit isn't correct, i.e., that the prices simply move to your bid/ask?