Replies to post #197276 on Fannie Mae-No Politics (FNMA)

[feralcomprehension]

That same issue exists with stop loss orders*, plus those are visible to the mm in the OTC. Pay your money and take your choice; IMO an alert at the $2.50 level would serve about as well (though admittedly neither is great).

(*There's no guarantee of execution at your chosen strike and in times of rapid price motion the chance is dramatically reduced)