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What was the volume like? Even if it was light, a couple of contracts
should go through. However, if the volume was near zero, then there
probably wasn't enough buyers to take your contracts. As a previous poster
mentioned, you need to find time and transaction data for copper puts on
that day. Also, you need to make sure your order was a limit order, not
"market if touched" as the latter only puts the order in if the security is
*exactly* that price. Check if you didn't put in a "fill-or-kill" order
since this means that the order won't go in unless all contracts are
available for sale at one time.
-- Wyatt
-----Original Message-----
From: Trey Johnson [mailto:dickjohnson3@xxxxxxxxxxxxxx]
Sent: Wednesday, April 07, 2004 3:58 PM
To: omega-list@xxxxxxxxxx
Subject: Options
Hello All,
I'm a little confused on option prices and I hope this isn't a
stupid question. I placed an order to sell a couple of May Copper 122
puts at 1.25 or better on a day order. According to two different
websites, the high was 1.75, the low 1.35, and the settlement 1.35. My
broker said the order wasn't filled. Obviously, I was off on the price,
but why didn't the order fill?
Thanks,
Trey
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