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Re: S&P Option spreads



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This is a great point, the one about quote screens.  I have Signal, and gosh
it's as if the screen gives me some quote from sometime in the past but not
necessarily any day within the last century.  This applies to stocks,
commodities and currencies, on all of which I trade options.  I have come to
rely very heavily on my broker to give me the current bid and ask.  Often
they have to "call the floor" to get the qouotes.  Even then, as an earlier
e-mail reply on the subject made clear (more eloquently and specifically than
I can), it really, really pays to put in a "limit" (consider the current ask
as your limit - my limits usually get hit, which smells bad ... ).  You could
ask, Then why have the options quotes on your screen at all?  Well, I do they
the screen is pretty good for highly traded options, such as index options on
the OEX, or nearby options on the  big-cap stocks.  It's a pretty good
tracking-and-memory device, too, for me.

Good luclk.

Larry