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> Why do you say that no one on the floor would do the
> package at that price? Whenever I've entered equity options orders to be
> executed at the close, I'm always filled at the bid or ask, and
> sometimes a
> little better(in between), although I've had to debate the fill price at
> times, and have always won.
>
No one would do that trade with you as a package because its a zero sum
game. Your gain is their loss. Those who wish to remain in the game do not
do not bid butterflies with a credit to the seller. This is not to say that
you couldn't get it legged at your price. I am only saying that it ain't
happening as a package. Oh, wait, there is an exception. 'First day on the
floor, a new trader might make it in error.
Remember, just 'cause the screen says so doesn't mean its possible. All
sorts of weird things show up in settlement prices that will reverse
themselves on the next open.
Sean
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