hey guys, I know nothing about options and hope that some of you more experienced lads can help me out. I am wondering about the various options exchanges, what the difference is, who is better for what. I am very confused by how many there are! Would you all agree that the top three exchanges are CBOE, ISE and AMEX? They are the big volume hitters, right? What about PHLX and Pacific? Why would I trade with these smaller exchanges? Is there a more influential exchange for index options as opposed to straight equity options? I'd love to hear anything on these various exchanges that might help me inderstand the differences in their markets. Thanks so much for you valuable experience sharing! Jman.
One would trade wherever the best price was. Hopefully, your broker or platform has Smart Routing and would send your order there to obtain the best execution.