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You're going to have to explain this one better. My understanding is all option trades must be executed on an exchange (with the exception of OTC trades not guaranteed by the OCC) Directly from the OCC "As mandated by the SEC, standardized U.S. equity options are to be executed solely on...

All option trades that are guaranteed by the OCC must be executed on one of the 16 different option exchanges.

You're confusing liquidity with volume/open interest. To me, liquidity is the ability to trade size with a very tight market. The size and width of the market quoted is going to be very similar with the 449 calls and the 450 calls.

Would it make any difference if you enter the order as a GTC?

The CBOE is more than a software program. They have exclusive rights to trade the VIX and SPX options. I would assume as you ask, it would include exclusive rights to these products.

Hmm, CME denying takeover bid CME Group Denies Rumors of a Bid for Cboe Global Markets (prnewswire.com)

Sorry headline wrong, actually $16 billion

The CME in talks for a $16 billion all stock deal for the CBOE CME in $16bn bid for Chicago exchange rival Cboe | Financial Times (ft.com) Edited, this was denied by the CME.

Thank you. I think I will give them a try.

Curious if anyone here has had any experience using Trade Alert for options flow analysis. They are part of the CBOE.

I have not been using IB much for a while, but with my system, yes. I get a .75 a contract rebate from the EDGX in a complex order (in non penny options), so a simple butterfly 1x will get me a $3 rebate. As mentioned earlier, I will usually route a 1 lot to the CBOE first (where there are no...

Agreed!

Not saying that they didn't tell you this, but I can guarantee that if you average more then 390 option orders per day in a month, you will be considered a "professional" for the next quarter. This is not a broker rule. Who ever you spoke to was simply wrong. Although the following link is...

The way the option rule is written, its an average of 390 option orders, not trades in a day for the month. For me I am cutting it close every day, just with point and click, no algos.

So you are saying that TD restricts trading of stock (and not just options) to less then 390 orders a day? What about futures?

When you go to this Reddit post, the actual rule is correctly explained in the comments

Reg T or Portfolio Margin?

Why would an experienced trader that is making money have any interest in this deal? $10,000 worth of capital for a 50/50 split? If he/she doesn't have $10,000 of their own (where they would get 100%) I don't think you would want them. As @MarkBrown mentioned, you would get basically broke...

I was tagged with this a while ago as a retail trader. I was trading SPX deep in the money time spreads where the legs where several hundred dollars. The spreads themselves where only a dollar or two, but since the legs were expensive, I fell into the Large Trader ID requirements. The hardest...

I don't think it would be helpful for you to see resting box orders. They are resting for a reason, not a good price. The bid/ask on these boxes are really quite tight. Just look to what is trading.