What's the best Options routing for preserving front-of-queue / first-to-fill at a given price?
- Thread starter d0rian
- Start date
Are you saying that you pay ZERO commissions on option trades at TOS/TD? Not talking about a ticket charge, talking about commissions. So if you buy a 10 lot of $1 options you pay exactly $1,000 and nothing more?Oh really??
I trade 30,0000 -40,0000 options per month and never noticed
You know something I don't know???
Whats your all in cost??
I would not prefer not to publicly post my commission rate. If you don't want to either, I would understand, but you said that TOS did not charge you any commission other than small reg fees? This would be very unique for a non RH broker.
TOS says they charge 0.65/contract for options which is a terrible rate if you do any volume at all. Maybe you negotiated...?
You can get negative comms with IB if you use maker orders
Not really, if you watch the tape the Op can solve it. I took a photo of WS Bets pump, Bid x Ask $1.4x $1.5 lots of depth both sides. Using a crap route I got filled at $1.25(30 contracts). So far the trade was not busted. Selling I get filled above the offer when volume goes nuts and it has nothing to do with stale quotes. IBKR Rebate routes sitting caused me to research this bigly.
It is very likely that your bid ask was stale
No, because I sold them immediately at the Offer making free money like the days of the Auto-ex distortion(1997-00) except instead of hitting the Bid I sold the Ask.