PHLX 2-minute tactics

Then it's not "the whole series"?
Could you please explain the whole thing from the top?

 

I am PMing you.

 

http://www.redi.com/july25.html

 

Reading that REDI page made things much clearer. Thanks.
But it looks to me like it would still be kosher to submit 1, cancel, wait 15, submit 2, cancel, wait 15, etc.

"submit 1, modify away, await confirm, modify further away, await confirm, etc."
I don't think this violates the 15 second rule, since no additional order is involved.

In both cases, the intent isn't to be an MM or manipulate the market (which seems to be the point of the rules), but rather to skirt the two-minute hold.

Opinions?

 

Just for information's sake being that I rarely trade options that are not part of a conversion, what is this discussion about? What is the purpose of all these keystrokes? Why did I read this thread?

thanks

 

If you have to ask; you probably don't need to know ...

 

Jem. Stick to stocks or futures unless you have alot of time and money to figure out the options game.

 

What is this 15 seconds rule about?