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I gotten into a situation where I was trying to sell three options and there
were only about 50 outstanding. You are at the market makers mercy at that
point.
The market maker kept backing away from his quote when I'd hit it with a
limit order.
The market maker was trying to sucker me into a market order. (Probably buy
his family supper for a slippage of a point).
I raised my limit a couple of times trying to get his price up. Eventually
did, and then hit him with a market order. Should have reported it.
Liquidity is extremely important in options. If poor liquidity, expect huge
slippage.
Kevin Campbell
In a message dated 6/6/00 9:39:40 AM Central Daylight Time,
harelsdb@xxxxxxxxxxx writes:
> Other than "It's good if you don't understand options", is there ever an
> advantage to out-right shorting a stock over the equivelent option play?
>
> Do data showing short interest in a stock or index reflect short option
> positions?
>
> If short interest data do not reflect option positions, how should that
> information be viewed?
>
> Thanks,
>
> Dan
>
>
>
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