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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: hclasvegas   😊 😞
Number: of 15062 
Subject: Re: Option Volatility
Date: 02/01/2024 7:05 AM
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""The sales of the January 420s on Monday was pretty interesting. This is one THIN Market. I sold 15 covered calls - one at a time throughout the day. I know nothing about options pricing - I just placed bids high enough to have them not execute and then lowered my ask by a nickel at a time until I got an immediate hit. For about half of the sales I felt like there was a computer on the other side as my sales were quite a bit above the bid shown - I got the same execution price on 5 sales in a row."" Goog morning, there is a lot to unpack here. Do you pay commissions? How much does it cost to sell one option at a time ? You went high bid for one contract and low offer for one contract to tighten the market, hoping your offer would be taken? Did you play, market maker for a day? Thanks.
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