Don't options go by 0.05 tick minimum? How do people get filled with odd spread like 3.47, etc? Is there a broker that lets you trade in 0.01 tick?
The penny pricing that is being introduced by the exchanges in January next year is only a 12 month pilot program and on 13 options classes only. For those of you that don't have IB accounts, you can view the markets for penny priced options (for free) at the following link: http://www.interactivebrokers.com/en/penny/index.php?ib_entity=llc
More info regarding the penny priced options: http://www.financialnews-us.com/index.cfm?page=ushome&contentid=1046738222