Can't fill large option orders for 5-10 minutes (IB paper-trading account)

I guess it's not if you're doing way OTM options, buying or selling, but that's a fool's errand for sure if you don't know what you're doing.

 

30-40k options is 3-4MM shares. It's a big deal. In most names you can't get capital commitment from a bank for that size.

 

O'Hare Spread Alert!

 

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Sorry, there is obviously a misunderstanding - I meant 30-40K USD in options (around 1K options) 30-40K of options is insane for a retail of course. My mistake, sorry.

 

even 30-40 K USD in options is almost unseen at retail level ... 10K yes, anything above that, no

 

30-40k is approx. a 100 lot on a 20 dollar stock. That's not very big for a market maker to absorb.

 

No not for the market maker, but that was not the point of my remark ...

 

But is it still possible to buy 1000 options for GPS for instance as a single lot or it is already a substantial position so that it will be sold in several lots?

 

give it a try and let us know ... how moot can your question be ... ?

 

Ok, thanks for your help. Of course I will let you know, no problem.