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[RT] Re: Option fills



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> 
> Can you clarify how you use cancels to force a reliable status report?
> Also, precisely how do you force the market maker to do something when he is
> sitting on your order?
>

If you cancel an order no responsible broker will ack the 
request till the exchange gives them status, so they send 
the cancel to the exchange which gets whoever is holding 
the order to move, if it is filled they send the fill back 
on a priority basis, if the mm is sitting on the order he 
has to decide to fill or kill it pdq

> 
> When I look at the options dialog the only choice offered for oex is 
> CBOE or Smart. It does not show anywhere what the bid/ask size.
> 
ok, so oex is only traded on CBOE, if you want details 
click on it and a quote line appears in the TWS

> Is there anywhere on any other site perhaps that show the daily volume 
> of options traded on any index? That might be a better way of finding 
> out which option has the greatest liquidity and least spread.
> 

free cboe delayed chains used to show all exchanges and 
volumes, but doesn't any more, maybe someone else knows 
someplace that does

> 
> The theme of this discussion is part of the reason why I trade equity 
> options -- I like the instant execution I get on the ISE. I have lost 
> too much money trying to play games with the MMs on the other option 
> exchanges.
> 

i don't think ISE is better at execution than anyplace else,
put in a market order and they'll screw you just as fast 
there as anywhere else 8-), their spread is better 
sometimes, but not always

regards,

tbr





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