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Motley Fool Pro / Pro: Catch-Up Trades


Subject:  Catch up on TUP Date:  2/11/2014  11:01 AM
Author:  PeterBanjo Number:  567 of 830

New to all of this.

I placed a limit order for today to sell 2 Apr 14 $75 puts on TUP at 2.50 Right now the bid is 2.25. How do most people deal with this setting of limits. When I buy or sell stocks I usually use a market order as the spred is insignificant and the order executes almost immediately. The catch up recommendation put the price at 2.75. I feel like I might be foolish to put in a market order on options.

Any suggestions
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