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...I'm not quite sure I understand this; it's trading through your Bid, so surely it's "marketable"...? Or are you talking about in the case of the "simulated" Hidden order (held by IB), where it won't ever actually get sent to the exchange, because all IB sees on its side is a $1.05 Offer (and...

Ha, that is cool Why do you say that? From what I've read while trying to research this, the protocol I described (all is handled on IB's side) in my OP is all that can really be done if the hidden order type is not available as a native order type at the exchange (right?) As I trade only...

I've been experimenting for the first time with IB's Display Size field, which allows you to display a quantity smaller than your entire order size to the market, or hide it altogether. When I select a smaller quantity from the Display Size dropdown it works as expected (my bid/offer shows up...

The 1st paragraph is interesting...I'm not entirely sure whether it's 100% accurate, but there is a particular logic to the idea that options are just contracts between 2 private parties, and while they derive their value from the company's common stock, it's an entirely different transaction...

Yes, I'm well aware of the shortcomings of class actions (including lawyers fees coming out of any settlement) as I detailed in my OP. That's why the Q's I asked pertained to pursuing something privately since, as I've also written a couple times, class actions typically do not cover...

Hard to say, since calculating losses -- and more specifically determining what % are attributable to company malfeasance is a notoriously difficult issue -- but somewhere in the 5-figures. Not sure what bearing that has on the question, though...other than the basic premise that yes, losses...

Well yes, I'm aware that the downside of going it on your own is the expense -- but as I said in the OP, the class action route (even if one decides that makes more sense for them) almost always excludes options-losses. So the private suit route would be the only one available to me. But I...

Sorry, not quite sure I understand what you're saying in this reply...

I recently got docs in the mail about a class action involving a company I used to own options and a small # of shares in. Their (now ex-) CEO was accused of insider trading, fraud, and a bunch of other stuff, causing stock to drop around 25%. The mailed docs allowed me to either opt into the...

I trade on IB and want to see standing buy/sell bids pre-market, but my order-Depth window is just blank until after 9:30am. Looking at all of the IB-offered data bundles (under Market Data Fees / North America), it's not clear which one I need to view those quotes. 1) Is it possible to get...

bump, any thoughts?

Thanks for the replies. My understanding, by the way, is that the company itself actually has no say in whether there is an options-chain for its symbol (correct me if I'm wrong...) IOW, once they decide to list on a US exchange, it's then up to options exchanges if they want to create an...

Aurora Cannabis (ACB) has applied to list on the NYSE and expects to start trading before the end of the month. (It currently trades on the Canadian exchange.) How can I tell if there will be an option chain available for the US listing? And when a company DOES have an options chain, will it...

Thank you (to others also ITT) for the replies; I have indeed come to appreciate the value I lose in holding those near-worthless shorts to expiration...if I'm understanding correctly, that lost-value stems largely from the disproportionately large margin hold created by an unbalanced...

Just to be clear, by "take it and move elsewhere", are you advocating just sucking it up and paying the nickel to close them? (b/c that's largely what I was hoping to avoid...) Apologies, I got a little lost trying to follow what (I think) was a mix of advice + tongue-in-cheek sarcasm. Is...

I'm often short a medium-to-large position in the days prior to expiration, which is way out of the money (Delta of 0%, essentially worthless), but which -- due to minimum margin regs -- still soaks up a relatively big chunk of my available margin. I'll often just want to release the margin...

Thanks for reply. Though I'm pretty sure that IB allows me to bid/offer $0.01 to either open or close a position, so submitting my orders isn't really the problem...I just can't find any way to get them to actually display to the rest of the market. Meaning they have no idea there's a live Bid...

Maybe I wasn't clear in my OP, but I was specifically asking about the visibility of my $0.01 Bids...and whether it's true that I am literally the only person who is able to see them, since the min Bid for display to the market is $0.05. I'm not quite sure what you meant by your reply re: it...

Most options I trade have a minimum Bid of $.05, even when the option is near-worthless (e.g. far OTM near expiration). However, as I understand it, that $0.05 "minimum" is actually just the lowest value that will display to the market. Consider a near-worthless option contract with a current...

Thanks for your reply. Can I ask you to clarify this hypothetical you gave above, since I don't think I quite followed it entirely, nor do I quite understand the sequence of events you're describing or where the opportunity lies for the algo to reap a profit. So: - I see the spread on XYZ is...