Hi Clay...
I consistently get good fills at Interactive Brokers.
I always split the spread on my options orders; individual options as well as buy/writes. While I haven't done a scientific study, off the top of my head I'd say I get the split 60-70% of the time.
I'm surprised you had such good results at Schwab. I traded there a few years ago and after exceedingly horrible fills, I dumped them. Sitting and watching for sometimes several minutes for a very reasonable order to fill on their unreliable platform was very frustrating. And I was paying outrageous commissions for the privilege! Never again.
Bill
From: clay <clay@kwikmurphy.com>
To: OptionClub@yahoogroups.com
Sent: Fri, March 12, 2010 5:49:40 AM
Subject: [TheOptionClub.com] Better fills than you ask for?
I consistently get good fills at Interactive Brokers.
I always split the spread on my options orders; individual options as well as buy/writes. While I haven't done a scientific study, off the top of my head I'd say I get the split 60-70% of the time.
I'm surprised you had such good results at Schwab. I traded there a few years ago and after exceedingly horrible fills, I dumped them. Sitting and watching for sometimes several minutes for a very reasonable order to fill on their unreliable platform was very frustrating. And I was paying outrageous commissions for the privilege! Never again.
Bill
From: clay <clay@kwikmurphy.
To: OptionClub@yahoogro
Sent: Fri, March 12, 2010 5:49:40 AM
Subject: [TheOptionClub.
I use to be with Charles Schwab and when I entered Options Spread orders online I'd receive a better fill about 1/4 to 1/2 the time. I'd ask for a 65 cent credit and maybe I'd get 67 or 69. However, Schwab is very limited and so I switched to OptionsHouse and have NEVER received a better fill than what I asked for in a year's worth of trading. I'm thinking about moving to Think Or Swim (TOS) because they have portfolio margining. Have any of you received better fills than what you asked for with TOS or any other brokerages?
Thanks,
Clay
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