Non active trader...Fidelity routing Price improvement...$4.

C

Cabin111

Boring option (covered call) on TAN...Jan 24 at $89. It's a solar ETF.

So I/we are stuck for about an hour...Bid .90, my ask at .95 We are talking about 200 shares. I want to get a fill then move on. I have routed this though CBOE with no action. We are talking about at $10. difference in the trade. I am the only one at ask (with all the exchanges)...About 15 bids at .90. This is just for extra income...

I then cancel my ticket. With Fidelity, I have to resubmit a trade if I move from a given exchange to Fidelity's routing system...

I then resubmit my ask at .90 (the asks have moved up to $1.05) using Fidelity routing.

I get a fill at .92 for a price improvement of two cents.

I'm retired, but my time is worth something...Fill with whatever price improvement I can get. The life of an inactive trader...

Now onto a YUM option...
 
I use Fidelity, and getting filled-on options is a pain in the a$$! Why? Because they do not get paid for order flow. I tried three options spreads yesterday, and only a credit spread (selling calls) on GM got filled right away in the middle, so I became suspicious and canceled later. Now I am mad because GM is down.
 
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