RE: [TheOptionClub.com] re buy back of short options

 

Even if options trade in 5 cent increments IB allows you put in trades for 1 cent increments.  Since the option only trades in 5 cents increments you can only be filled within the IB network.  I do it often and often get filled but as far as I know IB is the only place you can do it.

 

Chris S.

“I am more concerned about the return OF my money than the return ON my money.” --Mark Twain

 

---

From: OptionClub@yahoogroups.com [mailto:OptionClub@yahoogroups.com] On Behalf Of Meuter Gisbert
Sent: Thursday, February 11, 2010 10:16 AM
To: OptionClub@yahoogroups.com
Subject: [TheOptionClub.com] re buy back of short options

 

 

Hi,

some time ago I sold 10 DT April 17.50 calls for 0.20 each.
Now the bid/ask spread is 0.00/0.10 and I want to buy them back
to regain that margin, because it is still a while until April.

So I entered in my IB account the trade btc for 0.01 each,
yet on my TOS trading platform it does not show up.
TOS is still giving 00/10.

So I wonder if I can't trade DT in penny increments?
Anybody know?

Thanks, gis
P.S. DT is Deutsche Telekom

No virus found in this incoming message.
Checked by AVG - www.avg.com
Version: 9.0.733 / Virus Database: 271.1.1/2681 - Release Date: 02/11/10 02:35:00

__._,_.___

Reply to sender | Reply to group

Messages in this topic (6)

Recent Activity:

• New Members 6
• New Files 2

Visit Your Group Start a New Topic

The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading.  All messages and postings, and any materials circulated are provided for discussion and educational purposes only.  No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice.  All investors are encouraged to consult a qualified professional before trading in any security.  Stock and option trading involves risk and is not suitable for most people.  There is no guarantee that any information provided is accurate and, may in fact, be wrong.  It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student.  As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.

To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com

Switch to: Text-Only, Daily Digest • Unsubscribe • Terms of Use

.

__,_._,___