placing an order when the markets are volatile

[met1989]

Why is it so hard to place a spread when the market are crashing no price seems to be excuted ?

 

[OptionsOptionsOptions]

Use Market Order

 

[met1989]

Use Market Order

and get filled with a huge debit no thanks

 

[OptionsOptionsOptions]

and get filled with a huge debit no thanks

• An unfilled Limit Order will cost you more than a Market Order.
• It's a myth that Market Orders are filled at unfair prices - I use them all the time.

 

[SanMiguel]

The spread will be widest during a time like this, you'll get the worst price using a market order but you will get filled of course

 

[OptionsOptionsOptions]

The spread will be widest during a time like this, you'll get the worst price using a market order but you will get filled of course

• Not necessarily.
• I have never had a Market Orders filled at a worst price than the current bid/ask.

 

[Dustin]

Why is it so hard to place a spread when the market are crashing no price seems to be excuted ?

Options mm's pull their algo's when trading gets volatile so fills can be tough to come by.

 

[SanMiguel]

• Not necessarily.
• I have never had a Market Orders filled at a worst price than the current bid/ask.

I didn't mean a worse price than the current bid ask. I meant that the spread may normally be 1.05/1.1 yet when is volatile the spread may be 0.9/1.3
So, you buy at 1.3, you're paying 20% more than you normally would.
Things may settle the next day or with less volatility.