Are you with IB? If so, are you better off after paying the increased comms when direct routing to CBOE over using SMART combo?
That's a good point. I wasn't aware that you might pay a premium in commissions for direct routing with IB. This makes the decision tougher. I think its worth a comparison, send a small order direct routed and one smart routed and see where gives you a better fill vs increased commissions.