Normal
they can be major idiots even days before expiry for deep ITM options - see above - i tried to sell off my jun $30 NAB puts when the stock was around $28, and they were giving a spread of about 1.98/2.26. didn't even get a bite at 2.05. halfway between the mid and their side of the spread is typically where i draw the line unless i really, really want to get a fill. in hindsight i should have made an exception in this case instead of stubbornly sticking to my habits. i didn't, and it cost me.in any case it seems there aren't that many ASX options traders on here, presumably most are off trading US options with the superior spreads, liquidity and greater sector variety on offer there. so i'm pondering whether to dip a toe in and set aside a small portion of my trading capital to have a bit of a dabble there. i have been trading ASX options for 4 years or so thru IB, so maybe it's time for something new. but i can't justify paying the IB market data fees for US options (i trade thru a discretionary trust so i'd have to pay the professional fees) when i'm only going to be having a "bit of a dabble", at least at first.i don't suppose there are any sites where one can get the live quotes (even if they're only NBBO and not lv 2 depth) for free? the nasdaq site has live asset prices but only delayed option chains. though from looking at some of the delayed option chains on there last week when the US market is open, one could probably just hit the bid/offer and still cough up less slippage than if you tried working the spread on the ASX!
they can be major idiots even days before expiry for deep ITM options - see above - i tried to sell off my jun $30 NAB puts when the stock was around $28, and they were giving a spread of about 1.98/2.26. didn't even get a bite at 2.05. halfway between the mid and their side of the spread is typically where i draw the line unless i really, really want to get a fill. in hindsight i should have made an exception in this case instead of stubbornly sticking to my habits. i didn't, and it cost me.
in any case it seems there aren't that many ASX options traders on here, presumably most are off trading US options with the superior spreads, liquidity and greater sector variety on offer there. so i'm pondering whether to dip a toe in and set aside a small portion of my trading capital to have a bit of a dabble there. i have been trading ASX options for 4 years or so thru IB, so maybe it's time for something new. but i can't justify paying the IB market data fees for US options (i trade thru a discretionary trust so i'd have to pay the professional fees) when i'm only going to be having a "bit of a dabble", at least at first.
i don't suppose there are any sites where one can get the live quotes (even if they're only NBBO and not lv 2 depth) for free? the nasdaq site has live asset prices but only delayed option chains. though from looking at some of the delayed option chains on there last week when the US market is open, one could probably just hit the bid/offer and still cough up less slippage than if you tried working the spread on the ASX!
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