Getting orders filled on spreads

mportnoy said:
I'm doing a synthetic spread; it's a strategy I put together, backtested, and forward tested on paper trade.

Basically I sell to open at a set price below the max value of the spread. I have almost no trouble getting fills when I sell to open but some days are better than others.

As the market fluctuates, so do the individual legs of the spread. When I enter my order, I also set a limit order for buy to close. This is where I often have difficulty getting fills, no matter what the market price.
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There is no such animal as a synthetic spread that doesn’t involve spot. The diff between a call and a put is spot. IOW, a natural call vertical is a 100/105 call spread. A “synthetic spread” would be a long 100P, long shares, short 105 call, but nobody in the business uses that terminology.

In before anyone mentions guts/boxes.
 
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FSU said:
Still a bit confused on what type of spread you are doing. "Synthetic Spread" is not a good description. Can you give me an example of a specific spread you are trying to do? Are you buying a vertical call spread, are you buying a time spread, are you trading a combo vs a specific strike. This is what I mean. You don't have to divulge specific strikes, just the general spread.
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Can I PM you?
 
PoopyDeek said:
Trust me there is nothing advanced or exotic about your spread. Nobody can help you without knowing how the trade is structured. The COB can take some crazy numbers of legs/ratios. Nobody wants your IP.
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Dude, you don't get it! He found a magic spread! See below:

mportnoy said:
Without getting too deep into the weeds and how this spread is designed, it relies heavily on fluctuations created by delta/theta relationship but the structure limits the downside risk to 75% of the profit.
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mportnoy said:
I really appreciate the gesture. In fact, I just sent an email to your company.
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mportnoy said:
I really appreciate the gesture. In fact, I just sent an email to your company. I think what I'm looking for is something like Trade Technologies Autospreader, except that platform only works on futures. I'm willing to code something myself if needed.
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...only works on futures.
TT also works with options on futures, Treasuries and cryptocurrencies. TT does not connect to CBOE for equity options and indexes.
 
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