The fill price was slightly above my limit price, but I'm also seeing trade-through (other trades printing at prices that should have filled my order, but didn't).
I'm trying to sell some shares of an OTC name. My limit price is below the bid and the order is active (green) but it just sits there, not filling. Any ideas?
Order was routed with SMART (OTCLNKECN). I tried ARCAEDGE as well but it didn't seem to help.
Yes of course it's equivalent to an ITM put. But as JamesJ says, spreads are horrible on far ITM options, especially for the more interesting (less liquid) stocks. It gets very expensive if you trade in and out, or roll the position.
I'm not really a day trader but couldn't resist buying at $18 yesterday with a stop at $17.
Great trade, the only problem is I got scared and sold at $18.70 :banghead:
This feels like a timely topic in 2021.
Say you short a stock and hedge with cheap OTM calls. Now in theory this a defined-risk trade, and with a PM account you shouldn't get margin called even if the stock goes up a silly amount.
How safe is it really, though?
"Clients holding short stock...