Recent content by premtrader

Ah.. I see. Thx IB. What do u mean by native order? Would u consider married put a native spread? How about a custom 3x2 ratio spread? Also my understanding is that IB's SMART routing is capable of filling multi leg spreads across multiple exchanges. Does that mean when I route an iron...

Oh ya... I can relate to that. Those fearless beginners luck/curse that every trader experiences and keeps them coming back for more. Little did I know that trading is 10% strategy 90% self discovery. I only know its the right fit when i will place the same trade all over again with no regrets ;)

$0.01/contract? or $0.01/leg? I just want to confirm that when you say combinations, you mean any order with more than one leg? And what's so special about that that the exchange is willing to waive the cancel fee?

Ah.. I see. Thank you. Why can't IB do the same thing with single option - don't route until marketable?

Being slightly short delta will compensate for the increased in IV when the market goes down against my long positions. Conversely when the market goes up iv usually contracts so its a lot easier to manage the short delta positions.

Why does IB charge cancel fee on single option but not on spreads? What's so special about a spread (as opposed to a single option) that IB (or the underlying exchange) is willing to waive the cancellation fee? Someone please shed some light on me!

Nice Journal NR! I bot a SPY Oct 165/168put 1.43 debit. Short delta with +ve theta. It fits my portfolio (I like to be slightly short all the time as a premium seller).

I asked nicely. They just won't bulge from the $1.5 which is an rate increase from my current $7+.75/contract. Like I mentioned on the initial post - my volume has been down from 300 to 50/mon recently - not the best time to negotiate. I just hate that $7 ticket fee, it's a killer to scale...

The .05 is a double edge sword! There were times that when the option is .06, .07 or even .08, I waited one more day only to have it run away from me. :(

Thx Matt. Very interesting! You think someone fabricated those stories? It seems like it's only on IB though. I wonder if it has something to do with the duration of the options. For e.g., you hold longer dated options (less gamma risk) even if you rarely hold a position for more than a...

It's been a while since I last saw a post regarding IB"s Forced Liquidation. I thought perhaps they have finally put their act together. I was tempted to open an account with them until I came across these recent posts on yelp about IB...

I think it's more like DirectTV. You have to actually quit and restart as a new client to get the good rates. What would TDA gain by reducing your commission on a low volume account!? You got no bargaining power, esp if you've been with them for a while. They figure you're just not going to...

Ah... Thank you NoRegrets! That's very helpful. I was about to give-up! Is there a specific rep you talk to?