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You have to have a quote that gives a decent open interest and today's
volume.
Other members may have additional information on the dangers of entering at
the close, which I never never do.
-----Original Message-----
From: Mervin Yeung <tinyeung@xxxxxxxx>
To: Real Traders <realtraders@xxxxxxxxxxxx>
Date: Monday, June 21, 1999 1:14 PM
Subject: OPTN: Market on Close
>Hi RTs,
>
>I am trying to use options to replace stops. I worry about the
>liquidity. I know the close is usually the most liquid of the day. I
>wonder if I use Market on Close Order to buy calls or puts right at the
>close, is it a good way?
>
>Thanks in advance!
>
>Mervin
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