Any pointers for getting better

    Posted by rojoch on 7th of Jan 2020 at 11:13 am

    Any pointers for getting better fills when buying/selling Options?  Predominately using them on ETFs (GLD, TLT, XLE, etc but sometimes on Stocks/ETFs that are 1M+ shares per day).

    I'm finding that the spreads can be huge (over 10%, sometimes over 50% !) and, even if I place a Limit Order at the mid-point price, often the Bid will snap up to my price and the Ask will snap even higher...

    It's as if the Market Maker algo is trying to lure me in to chasing a higher and higher Ask...

    Any tips?

    Thanks,

    .../john

    In my limited experience, I

    Posted by cozz101 on 7th of Jan 2020 at 02:04 pm

    In my limited experience, I have always placed a limit order as well and then pennied-in to a certain point if not picking up. 

    I also only trade options on highly liquid underlying etf's or stocks like spx,  qqq or rut for example. The spreads are way better.

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