Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: miklosh who wrote (38469)	12/7/1998 6:13:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Mik, Yes, my criteria for liquidity is much lower for options than for stocks. Why? Because, if I have a winner, I can deliver short stock into my long put to get my money out. Or, if I have a long call, I can call the stock. So, there is no way that liquidity can hurt me. Also, as a time animal, the option will pick up volume and open interest as it approaches expiration month. If it is so far out of the money that there is no volume, then I am dead meat anyway. If it is so far in the money that there is no volume, I'll get bugs on my teeth from grinning. <G> So, as long as I can get my initial trade done, lack of liquidity doesn't bother me. But, to the point, I didn't fill on the DWQPOs, so it is bugging me right now, and not on my teeth. <G> MB