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I've been confused by the nominal settlements. The last traded price for
the 122 puts was .80 on April 6. The settlement was 1.40 even though no
trades occurred at that price. On that day I had a limit order to sell
them at 1.1 or better. My order for yesterday didn't fill because there
were no trades. The 1.75 was the first nominal settlement which was
revised to 1.35. Thanks for the replies.
Trey
-----Original Message-----
From: Wyatt [mailto:wparkinson@xxxxxxxxxx]
Sent: Thursday, April 08, 2004 9:24 AM
To: Trey Johnson; omega-list@xxxxxxxxxx
Subject: RE: Options
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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