Subject: Re: Buying Long Dated Calls
- If I want to build a position of, say 15 contracts, how would I do that? Enter orders for a couple contracts at a time, with price midway between bid and ask say?

When I buy calls I place an order for the full number of contracts I want. I start with a limit order just above the bid price. Usually I don't get an execution at that price. After a few minutes I raise my limit a little and wait again. I repeat until the order is filled. Usually I get an execution between the bid and ask, but it's hard to predict where I'll end up within the spread.

Elan