Normal
i don't actually think it's all that bad in what i've taken to referring to as the "big six" - ANZ, BHP, CBA, NAB, RIO, WBC, if you don't go beyond 3 months and stay within 25-75 delta or so. even on the weekly contracts which you wouldn't think have much liquidity, i've gotten a lot of near-mid (within 2 ticks) fills on those.it looks nasty when you flip open the market and see a 0.66/0.95 on a front month ATM staring right at you, but then you try to trade into it, get filled at 0.80, and wonder to yourself, if they're prepared to give me 0.80 for it, why didn't they just show a better spread to begin with?outside of the "big six" and definitely outside the ASX 20 it gets a lot worse though.
i don't actually think it's all that bad in what i've taken to referring to as the "big six" - ANZ, BHP, CBA, NAB, RIO, WBC, if you don't go beyond 3 months and stay within 25-75 delta or so. even on the weekly contracts which you wouldn't think have much liquidity, i've gotten a lot of near-mid (within 2 ticks) fills on those.
it looks nasty when you flip open the market and see a 0.66/0.95 on a front month ATM staring right at you, but then you try to trade into it, get filled at 0.80, and wonder to yourself, if they're prepared to give me 0.80 for it, why didn't they just show a better spread to begin with?
outside of the "big six" and definitely outside the ASX 20 it gets a lot worse though.
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