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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: Debt Free who wrote (4879)4/28/2011 3:44:17 PM
From: Debt Free  Read Replies (1) | Respond to of 5891
 
I know see that the last trade was at $0.23 and that confuses me (not necessarily a difficult thing). When I entered the trade, I don't think that I was able to put in anything other than $0.05 increments. If I try I get the following message

option prices more than 0 and less than 3 must be in increments of $0.05 for this security.

Can anyone shed any light on whether this is a standard practice or is this maybe broker unique?

TIA

DF