Posted by DigiNomad on 6th of Oct 2022 at 04:54 pm
SPX trades 24/5, supposedly. I've had some luck placing trades
in it during the out hours, but the spreads are so wide that it
might as well be closed...unless you have an emergency (it
happens). If so, start your bid in the middle and then work towards
the ask in small increments. If your system is set to place bids at
the midpoint, never accept the default bid after you place your 1st
order. In that case, you will often be splitting your half the
spread into another 1/2. Meaning you went 75% towards the ask,
instead of just slightly over halfway between the bid and
ask.
SPY, SPX and XSP options
System trade retraction
Posted by DigiNomad on 6th of Oct 2022 at 04:48 pm
SPY, SPX and XSP options trade until 4:15
More generally speaking - ETF and CBOE index options trade until 4:15.
SPX trades 24/5, supposedly. I've
Posted by DigiNomad on 6th of Oct 2022 at 04:54 pm
SPX trades 24/5, supposedly. I've had some luck placing trades in it during the out hours, but the spreads are so wide that it might as well be closed...unless you have an emergency (it happens). If so, start your bid in the middle and then work towards the ask in small increments. If your system is set to place bids at the midpoint, never accept the default bid after you place your 1st order. In that case, you will often be splitting your half the spread into another 1/2. Meaning you went 75% towards the ask, instead of just slightly over halfway between the bid and ask.
I always take the midpoint
Posted by brophy on 6th of Oct 2022 at 05:28 pm
I always take the midpoint on my option spreads, but good points.