https://www.tastytrade.com/tt/learn/cash-settled You sell a put, but it isn't naked. Cash secures settlement.
Cash secured or cash settlement. Cash settlement is dominated by index options - SPX, NDX, or RUT. There are a few more cash-settled products in the equity space. Your tale says you entered an order to buy a put to close. If it was anything other than at the ask there is no assurance of a fill. If you were midpoint or better still no fill is required. If you put was cash-secured it still has nothing to do with a fill. SPX trades one exchange and trades both pit and electronic. It makes little or no difference if stuff traded all around you. Your owed a fill buying at the offer or selling at the bid. If it was on the pit side your broker should have the ability to work the order unless it was small and they just didn't want to bother. The market was up big out of the box today. Up tomorrow and the market gods did you a favor - down tomorrow and it's bad news. Right now markets are quiet and up a bit.
Is copacetic a real word? What Does Copacetic Mean? Copacetic is an adjective that means “in good order.” Some speakers of American and Canadian English consider it a slang word, best suited for informal use. Copacetic is a real word nonetheless, and it can be used instead of “fine,” “OK,” and many other words of a similar meaning.
Best practice, if you feel your option order is not being represented at the exchanges, is to contact your broker and ask what’s happening. Too many variations that could’ve caused this for me to even guess. Would have provided a faster resolution then your complaint to regulators.
Agreed. If the OP listed the option and the time stamp of the order and his trade time stamp this could get resolved in 15 seconds.
several possibilities 1 bad brokerage (some simulate trading entirely, Trade Zero for ex.) 2 wrong destination. Very common when trading with IB smart routing, even wehn higher then the bid, you can not sell. 3 wrong order (fill outside rth not selected)
Correction: All trading offrered by TradeZero And TradeZero America is live trading. TradeZero America is a Finra registered broker dealer, and TradeZero Intl clears through Vision Financial Markets, also a Finra registered broker dealer.
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