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Good point. I do try to generally stick to the big round number stirikes when I can, but haven’t thought about it much. It’s isually just out of habit, but moving forward I will do so keeping that in mind which should help.

I always use smart routing on Interactive Broker. My default is set to the midpoint between the bid and ask. Usually I send my orders as limit orders at the midpoint. I absolutely HATE trying to save 5 or 10 cents and watching the market slip away from me, then paying 40 cents more. So I take...

Thanks Robert. You are spot on about some things, such as me using options as a stock replacement. I don’t really think of myself as an options trader, though I do exclusively trade options. But I use them for the leverage they provide, as I look to capitalize in moves in the underlying. So...

I’ve been trading options for about five years. I trade on Interactive Brokers, almost exclusively swing trading. My time horizon is usually 1-3 days. I try to keep my average position size between $1K-$2K. I trade a lot of index options, SPY and QQQ, but also big name stocks and occasionally...