TD Ameritrade and Think or Swim Option Market Maker Scam
- Thread starter tradelosses
- Start date
But you got a better price on the other leg. The fact that you can't see it as a package its a little disturbing. You get upset when the grocery store has a $2 can of soup on buy one get one free and they ring it up as $1 x2?
Huh??
If I am a market maker, or a customer, IT MAKES NO DIFFERENCE what price the legs of a spread trade. All that matters is the PRICE OF THE SPREAD.
FSU...dont go down that slippery vag road...he thinks a $0.75 spread filled using $1.00/$0.25 options is way better than a spread filled with $4.00 and $3.25 options...
you completely missed the point of legging out of the trade -- that makes the spread irrelevant.
Let's say that I'm making the market and take the other side of the trade, after the fill, I can immediately close that short leg (customer long leg) for .35 and lock a profit of 4.50.
Let's say that I'm making the market and take the other side of the trade, after the fill, I can immediately close that short leg (customer long leg) for .35 and lock a profit of 4.50.
What about the other leg?
Legs are being managed separate for profits, right, that was the assumption.
Okay. So you show significant profit on one and significant loss on the other. Net is still the same.
Why would you look at it any other way.
Where's the Tropic Thunder pic optioncoach has?
It is true if the spread is wide and you put a limit order to buy at the offer you will likely get a worse fill than if you placed a market order. If you believe you got filled at a bad price you should speak to their trading desk and have them adjust the trade per obvious error rule or fair and orderly market rule. I do not think TOS makes money off of bad fills it is the MM who get away with it and TOS is not always proactive you the customer need to work with the trading desk.