TSLA Order Filling Question

Discussion in 'Order Execution' started by LaxFan, Dec 1, 2020.

  1. LaxFan

    LaxFan

    I spotted an option for June 2021 for $1 TSLA Puts at $.01 . There were 98 in the Order Book from NOM and 9 from PHLX. I did a Sell to Open for 95 Puts at .01 (All or None).

    It did not fill. Any idea why it would not fill since I met the bid on this?
     
  2. FSU

    FSU

    Take away the all or none and I'm guessing it will fill. Most of this bid is on the NAS exchange. An all or none order sent to another exchange may be affecting the routing to the NAS (others here may have more knowledge).
     
  3. LaxFan

    LaxFan

    Thanks for the info.
     
  4. How much would you pay in commission for this trade?
     
  5. LaxFan

    LaxFan

    It would have been about $5.
     
  6. ok yes of course. think about if you were them. when did this option expire.
     
  7. LaxFan

    LaxFan

    June 21.
     
  8. omg. june of june2021..so why would they margin out 98 dollars to sell them to you and be stuck in them until expiration to offset the sell at zero? which would give them 98 dollars of profit if no fees ok.
    so the max they can make is 98 dollars up until june 2021. you will need to pay up! you have tje potential to make thousands and the mkt maker you are expecting him to just take a bad bet and not get some form of payment for allowing you to get your trade?

    you must not get it? they are the gate keepers. they are the ones who make the trades happen. they are going to have to get paid for this..offer 2 ticks and they will fill or even 3. they will then buy them back at 1 or hold onto 2 points until exoiration
     
  9. they sell to you and buy them back lower locking in a profit..the peeson they are selling too is buying lower.
     
  10. a short exiting
     
    #10     Dec 1, 2020