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The URL for the ise is iseoptions.com. I ran an ORS query and your order
doesn't exist for the date you describe. So your broker is either a jerk or
something else is wrong. Liquidity in an ITM OEX is excellent because the long
can early exercise if a discount market exists. Is there more to your story?
What broker do you use and what did they say?
BobR wrote:
> Thanks for keeping us informed droex. Could you give us more information
> about the ISE? URL? etc. In the meantime perhaps you could answer a
> question. Last night I had this nightmare that I had been shrewd enough to
> buy a 1,000 lot of OEX October 800 puts for virtually teenies on September 1
> when the OEX was at 829. Then on Friday September 22 I wanted to cash in
> with the OEX at 759. I placed the order in my nonbrowser based online order
> entry window, hit the sell to close button, and waited, no fill, no fill, no
> fill, minutes went by, then the speakers next to the monitor filled with
> raucous laughter and a joyous cheer, "TO WHOM". So, the question is, is it
> possible to get stuck in a deep in the money option with no liquidity,
> market is moving against your position thousands of dollars a second? How
> does a little player exit a deep in the money option gracefully with profits
> intact? Granted someone is short those strikes I am long, but chances are
> he was hedged and has no urgency for closure especially since a half to two
> thirds retracement may be in order and in his favor. What are the rules and
> the reality regarding CBOE execution around deep in the money options that
> fall outside the RAES window? What kind of order should be used for this?
> Is this the kind of order where a live broker would be needed?
>
> Thanks,
> BobR
>
> ----- Original Message -----
> From: "The Doctor" <droex@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, September 21, 2000 8:59 AM
> Subject: [RT] Re;OPTn
>
> > To those of you who follow the options industry I have the left the CBOE
> > to join the ISE ... the all electronic option exchange. My e personal e
> > mail will remain the same ... my cboe email droex@xxxxxxxx will die. My
> > ISE e mail will be ajacobson@xxxxxxxxxxxxxx and become effective
> > sometime after the first of October.
> > I will continue to post to the list as droex.
> >
> >
> >
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