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To: straddler who wrote (35105)1/15/1999 5:07:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
I also had a market order to sell 6 AMZN FEB 120 PUTS that I placed at 2pm.

The OI is 1300 on those puts, but the market order expired unexecuted at 4pm. The
spread was so absurdly wide (10 3/8 - 13 1/2) that nobody would buy, and obviously the
market maker failed to provide any liquidity by meeting the market bid price.


Straddler,

I know as a fact that the first 10 contracts of a buy or sell for options must be executed by the market maker when it is a market order. You may wish to complain through your brokerage house.

Glenn