View Single Post
Old 01-03-2020, 10:33 PM   #12
High Supremacy Member
theMKR's Avatar
Join Date: Nov 2016
Posts: 29,752
hijack this thread to ask some questions on options trading....

recently (actually last friday), i held a few options (SPY PUT 287.5 expire 28feb2020) which had risen in value when it hit ITM for a short moment.

I saw the bid and ask price, and set to sell my options between the range. but it wasnt sold???

so i decided to just low ball myself by selling it dirt cheap but the order was cancelled immediately by IBKR for price out of range?

did i do it wrongly? or the only choice i had at that point was to exercise the option out right and immediately cash out by closing the positions?

i ended the day with 1 of that option unsold and expired worthless

any option traders can enlighten?

Last edited by theMKR; 01-03-2020 at 10:35 PM..
theMKR is offline   Reply With Quote