3x ETfs: Getting opening price

Discussion in 'ETFs' started by Sanz, Dec 9, 2012.

  1. Sanz



    Anyone has experience with trading fairly liquid 3x leveraged Etfs with market on Open orders (OPG , preferably through IB)?

    If yes, what kind of slippage should I expect, assuming I am trying to get the "yahoo" published open?

  2. if u r worried then do a order that executes at 9:30:01.
  3. I don't think IB has OPG, do they?
  4. iggy9807


    I am seeing a penny or two slippage but not every time. Don't try simply buying on the open with an overnight order though. IB will replace it with a limit which might be too far from the mid-point and ARCA might cancel it. Use OPG or set the start time at 9:28. I haven't quite figured out which option is better.
  5. alot of time OPG order dont get filled........ I would take the other advice: set an "alert" and use TIME as the trigger to fill......
  6. hajimow


    A lot of times, price is settled way before 9:30. Even at 8:30 or 9:00. No slippage. The bid/ask are one cent apart.
  7. Sanz


    Thank you for the info. I use OPG on 1x Etfs all the time and do get the opening price. I guess the same happens for the 3x's. Will have to try it live.