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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?


To: Father Terrence who wrote (1231)1/19/1999 1:16:00 PM
From: Madpinto  Respond to of 2241
 
Getting a late report would not explain how a market order did not get filled. I agree things get pretty crazy in a fast market, but the cancel should have been just as delayed as the original order. Certainly, late reports do cause quite a bit of confusion though.



To: Father Terrence who wrote (1231)1/19/1999 3:25:00 PM
From: clochard  Read Replies (1) | Respond to of 2241
 
I had a marketable order at the CBOE sit unexecuted for hours today. It was for 10 SHX Mar 20 Puts. Other orders executed without delay. Does the market maker for SHX take a nap around that time? Maybe the the SEC needs to force the options market to play fair.

I got the execution. Apparently the CBOE was having problems. Makes me feel really warm and fuzzy. Maybe the next market crash will be caused by computer problems.