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Strategies & Market Trends : Option Strategies

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From: Elroy	10/10/2022 1:53:57 PM
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I've got some way out of the money MXL Dec $60 calls that I'm trying to sell. The market is 10 cents bid 15 cents offered. I tried to place a sell order in the middle, and Schwab told me this contract has to be priced in nickel increments. The "last trade" on Schwab shows 12.5 cents. Anybody able to reconcile that? Is it possible that other options traders can do penny increments, but Schwab is only allowing nickel increments?

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