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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (3949)	12/6/1998 10:17:00 AM
From: Kimberly Lee	Read Replies (1) \| Respond to of 4969

Steve, Let me once again thank you for creating and maintaining one of the most educational and sincere thread in SI. In light of the system congestion occurred on Monday, my trading group is going to add RediPlus to our arsenal, and I am wondering how you like their system. I know TSCO uses it often and thinks of it highly, but I think it's only prudent to ask a more independent and knowledgeable source first. Thanks.

To: steve goldman who wrote (3949)	12/27/1998 8:27:00 PM
From: August	Read Replies (2) \| Respond to of 4969

1) you said, "Right, a trader should never tip their hat." in response to Message 6706083 about your telling the market maker that you want to buy 4000 sh instead of your real order size of 10,000 sh. However, didn't you previously say that you have to reveal the full size of your customer's order to the market makers in order to maintain continued business relationship with the market makers? Otherwise, the market makers would never want to do business with you/Yamner again. 2) When you see a trade goes through the tape, can you easily find out who did the buying and who did the selling? Is this feature available with any service an individual investor gets, or is it limited to the service the pros gets? 3) as a follow up to your post Message 6883424 consider this theoretical scenario: --in a non-margin account (eg. IRA), --long 100 contracts of calls $30 in-the-money (eg. strike 50, stock at 80). --also assume no other equity in the account. --one wish to exercise and sell the stock instead of selling the options out-right, due to lack liquidity and bad option bid price which are not firm anyway, a) can one instruct you to exercise the calls and immediately sell the stock (on the same day as option exercise)? b) will such stock sell be treated as short sell (subject to up-tick rule), or will it be a regular sell? c) will non-margin status be a problem for exercising the call? 4) same account as 3) above, but the account owner did not give you instruction regarding the 100 contracts of calls on the Friday of expiration. What happens? Thanks and happy holidays