What's the best Options routing for preserving front-of-queue / first-to-fill at a given price?

Discussion in 'Interactive Brokers' started by d0rian, Jun 22, 2021.

  1. taowave

    taowave

    Oh really??
    I trade 30,0000 -40,0000 options per month and never noticed :)

    You know something I don't know???

    Whats your all in cost??





     
    #11     Jun 23, 2021
  2. FSU

    FSU

    Are you saying that you pay ZERO commissions on option trades at TOS/TD? Not talking about a ticket charge, talking about commissions. So if you buy a 10 lot of $1 options you pay exactly $1,000 and nothing more?
     
    #12     Jun 23, 2021
  3. taowave

    taowave

    everybody pays the associated "fees"...too lazy to break the down

    how much are you all in for?

     
    #13     Jun 23, 2021
  4. FSU

    FSU

    I would not prefer not to publicly post my commission rate. If you don't want to either, I would understand, but you said that TOS did not charge you any commission other than small reg fees? This would be very unique for a non RH broker.
     
    #14     Jun 23, 2021
    qlai likes this.
  5. taowave

    taowave

    Here is all I feel comfortable saying.TOS is substantially less than IB,and in my time using both,the fills are far better with TOS...
     
    #15     Jun 23, 2021
  6. Dustin

    Dustin

    TOS says they charge 0.65/contract for options which is a terrible rate if you do any volume at all. Maybe you negotiated...?
     
    #16     Jun 23, 2021
  7. traider

    traider

    You can get negative comms with IB if you use maker orders
     
    #17     Jun 23, 2021
  8. Not really, if you watch the tape the Op can solve it. I took a photo of WS Bets pump, Bid x Ask $1.4x $1.5 lots of depth both sides. Using a crap route I got filled at $1.25(30 contracts). So far the trade was not busted. Selling I get filled above the offer when volume goes nuts and it has nothing to do with stale quotes. IBKR Rebate routes sitting caused me to research this bigly.
     
    #18     Jun 23, 2021
    traider likes this.
  9. traider

    traider

    It is very likely that your bid ask was stale
     
    #19     Jun 23, 2021
  10. No, because I sold them immediately at the Offer making free money like the days of the Auto-ex distortion(1997-00) except instead of hitting the Bid I sold the Ask.
     
    #20     Jun 23, 2021