Penny options

Discussion in 'Options' started by freewilly, Jun 1, 2008.

  1. dmo


    In addition, I believe individual firms can offer penny increments internally in additional stocks. In IB for example, imagine stock xyz that is not on the official industry-wide penny list, but is on their internal penny list.

    If I understood correctly, let's say you offer an option on this stock at .12. Their system will offer it externally (outside their firm) at .15, but all IB customers will see it offered at .12, and will be able to buy it there.
  2. buybig


  3. Thanks, guys.