It would not appear on any market!! Just at Fidelity. I finally had to cancel my order, go with CBOE...Which is for day trading only. Here are the lists that Fidelity gave me to choose for markets. Do you know if any will trade beyond 1 day out, for orders. AMEX 0.95 x131. 5 1.15 x51 NOM 0.95 x121. 5 1.15 x21 BOX 0.95 x151. 5 1.15 x19 CBOE 0.95 x71. 2 1.10 x2 BATS 0.95 x41. 5 1.15 x23 PCX 0.95 x41. 5 1.15 x43 The underlying stock is SPYG. As you can see...My $1.10 shows up (2), but other markets have not lowered at this time. Sell to open...Covered call, Mar 23 $60.
Not sure I understand your problem (with Fidelity), but all option exchanges support GTC/GTD orders if I'm not mistaken.
Dude, stop whining. The only way you're going to be filled is if SPYG rallies. You sent it to CBOE so what's the problem? Mid is a buck and you'll be lucky to fill there as there is no volume in the thing. It trades a few dozen contracts per tenor. There is no retail demand for SPYG vol.
Not sure where you got your information, but I'm pretty sure it's wrong. Anyway, GTC/GTD are rarely used.
Yeah, I get it...Fill or kill. But I don't trade like that. I'm the kind of person who is willing to put in my order...Not look at it for days (weeks) and come back to see if I get a fill. I know that is mind blowing to you, but it works for me (a few weekday trips to the coast, visiting family in Oregon). Yeah, I could log onto Schwab or Fidelity and make changes. But, it defeats the idea of vacations... Again the two issues are Fidelity's lack of price discovery (sending it to any market) and CBOE only allows day trading.
Yeah, it's mind-blowing. What about the CBOE only allowing day-trading? You mean day-orders? You're not marketable. Mid would only be marketable if the thing upticked. There is no flow in the thing and the MMer doesn't give a sht about your two lot. There is price discovery... you routed to CBOE. Who sent the order (Fido)...?
If this is the case then why are you trying to micro-manage the way your broker is handling the order? You're basically contradicting yourself... either you want to work the order every nanosecond or you want to forget about it for a week. Which one is it?
Yeah, you're right...day-orders. I know I'm not marketable...Hence keeping the ticket in for a few days/weeks. Fidelity will allow orders up to 60 days...As long as you use THEIR routing!! Many times to buy a stock, I will put in my price (good till cancelled 60 days). My price is low...Maybe 3-5% below current price (bottom fishing). One day I'll wake up at 10-11am Pacific and check and see if I have picked it up. If it's a quality stock (Walmart, McDonald's, Exxon, Coke, Microsoft) do I really care if and when I picked it up. It's a long term hold anyways. I am fine with MMs, especially with stocks. Options are becoming a different animal I have to deal with. I believe the SEC sees this also...And yes, I know your views about changing the current rules with MMs. With both stocks and options, many times I will keep lowering the price till I get a fill. At Schwab and Fidelity many times I am REQUIRED to drop the price in 5 cent increments. That is where the MMs come in an I will get price improvement often. I know it and get it...I'm OK with it. Both Schwab and Fidelity offered me active trader status. I didn't want to do it...Not very techno savvy. About average for my age (67). I'm sort of like McDonald's...Picking up nickles and dimes. Grab a dividend here, covered call money there, option expire then do another covered call, have a option get called away, then reinvest in something else is my way. Sorry, but it's hard for me to lay down congruent thoughts in quick sentences....Harder and harder with age. Lay out the thoughts and present it. Accept it or not, that's how I am...