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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (1539)	4/5/1999 1:39:00 AM
From: JungleInvestor	Respond to of 2341

My strong belief is that the Oil Patch bull has just begun to roar. I plan to take a portion of my profits thus far and buy calls in Gulf Island Fabrication (GIFI) and some other oil service companies. It's been many years since I last bought calls and these were for much larger companies. The GIFI May 12 1/2 calls last traded on March 30 with a sale of 50 (leaving an open interest of 30). Does anyone have advice on entering an order for these low volume calls? For example, is it advisable to set limit orders?