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Strategies & Market Trends : Option Strategies
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To: Elroy who wrote (2392)10/10/2022 2:30:34 PM
From: S. maltophilia1 Recommendation   of 2591
 
Somebody got a decent fill as the option dealer let them have some "price improvement." Likely it was a market order or the dealer had another order going the other way. If you can live with .10, place the order at the market and maybe you'll get some improvement. Or you can offer @.15, realizing that if you get filled maybe you should have held out for .20 as the stock went up. Other brokers have the same requirements. I usually write them as market orders, if the spread is reasonable. If it's something like .05 bid, 2 ask, I stay away or try a limit order somewhere below the middle (e.g., .80).

Edit: I see the quote is .10-.15 1x40, with no volume an OI of 41. Not much chance of a fill @.15 without a considerable jump in the stock.
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