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Re: Options: How to place orders?



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Someone else may know better but if I had to guess these sound like market
orders and my personal opinion is in this market it would be suicidal.
With the volatility the way it is you might as well get your prostrate
examined.  I have about 2 yrs experience which is not much but I have
always used limit orders with options.  I may miss out on oppts but I am
not gonna take you know where either.
r

jawad wrote:

> I would like to know what each of these choices in placing an order
> for a put or call means.
>
> Buy open-
> Sell open-
> Buy close-
> Sell close-
>
> Thanks,
> Jawad
>
> P.S.  I found out what my trading system was called.  It was bottom
> fishing.  It is not that easy to make money i have also learned.  I am
> down to about 16,000.  Mostly because of SMTK in which i lost all of
> my money.  Well, i guess that's just the way the ball bounces.
>
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