could not buy spy option at interactive brokers question

Discussion in 'Options' started by robert111, Sep 21, 2017.

  1. Hi, I have never had this happen before, but at interactive brokers, I was trying to buy a spy 248.5 call for sept 29th, and it would not let me buy it. It said something like invalid contract or something, don't remember exactly what it said. Then I tried buying the 27th call instead, and had no problems. Do you have any idea what happened? Thanks.
     
  2. I think, only closing transactions are allowed on fractional ($xxx.50) options for this expiration
     
  3. Yeah I saw this today:

    SPY 9/29 Options

    The OCC is no longer accepting opening transactions for $0.50 increment strikes on SPY options expiring 9/29/2017. Submitted orders will be canceled by the exchange.