Post #4210 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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Entering limit orders and allowing the market makers to trade around my order isn't an option, for me.

I don't really know what you're talking about...what your fear is here.
This is precisely how one trades options. The use of limit orders is mandatory if you don't want to get hosed.

The only sensible approach is to set a limit inside the spread.
If it doesn't fill immediately, no problem: move the limit a bit, repeat till it fills.

I have traded over 100,000 option contracts. It's pretty straight forward.
For Berkshire, when contracts not near the money with a wide bid ask, your execution will generally be around 1/4 of the bid/ask gap away from the midpoint of bid/ask. Sometimes a bit better.

Jim

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