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Old 02-03-2020, 12:37 PM   #16
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Set it to market order if you don't mind.

Maybe there wasn't any buyers, I couldn't sell some of my options that didn't have a bid price on it. Options that are near expiry and out of the money have poor liquidity

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Yeah i set to everything. I guess no one wants to buy an option that is expirying to nothing in a few hrs hahaha
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Old 02-03-2020, 01:03 PM   #17
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I tried IB but the UI is really CMI on my laptop

quite messy

is there a quick guide on how to use the UI? like step by step guide or sth
Tried looking at the videos they have but they have a ton of them T_T
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Old 02-03-2020, 03:31 PM   #18
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I tried IB but the UI is really CMI on my laptop

quite messy

is there a quick guide on how to use the UI? like step by step guide or sth
Tried looking at the videos they have but they have a ton of them T_T
you have to customize it to suit your style

This is my customized one to create my options spreads. add tabs by clicking the + button below then click the 'new window' button on the top left to add whatever instruments you want into the main window and resize it so everything fits. there's a chain icon in every instrument window on the top right to link all the instrument windows together if you need.

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Old 02-03-2020, 03:40 PM   #19
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How about FSM for US stock?
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Old 02-03-2020, 05:52 PM   #20
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if I have no choice but to exercise my ITM options.

assuming its a PUT option. I should buy LONG the stock 1st, then exercise the option for a sure win right??

for example, I have a PUT option @ 625 TSLA
when TSLA drops to 622 and somehow i cant sell my option for whatever reason, the best way is to just buy TSLA at 622, then exercise?

or actually i should just wait until end of the day, in case tsla goes higher than 630?
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Old 02-03-2020, 06:34 PM   #21
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if I have no choice but to exercise my ITM options.

assuming its a PUT option. I should buy LONG the stock 1st, then exercise the option for a sure win right??

for example, I have a PUT option @ 625 TSLA
when TSLA drops to 622 and somehow i cant sell my option for whatever reason, the best way is to just buy TSLA at 622, then exercise?

or actually i should just wait until end of the day, in case tsla goes higher than 630?
how come can't sell
ITM options should be able to sell since there's intrinsic value
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Old 02-03-2020, 07:16 PM   #22
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how come can't sell
ITM options should be able to sell since there's intrinsic value
lets say it was in and out of the money every few secs/minutes....

for some stocks that move quite large movement its sort of not here not there?
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Old 02-03-2020, 09:33 PM   #23
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lets say it was in and out of the money every few secs/minutes....

for some stocks that move quite large movement its sort of not here not there?
It should still be able to be liquidated unless it is very far out of the money. Maybe your settings are wrong. If there's a bid price for the option you are selling, you should be able to sell it

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Old 04-03-2020, 10:40 AM   #24
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Was reading IB website, noted for USD based options, it is $0.25 per contract and min $1 per order. Low indeed.

However, as of 03Mar2020, the finance rate is 4.09%p.a. Is this updated?

CMC - Per transaction is $10, finance rate is 3.8767% p.a.

Any other platforms recommendations with lower USD finance rate?
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Old 06-03-2020, 02:05 PM   #25
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Asumming I am holding an option which is just in the money upon market close.

example: option put 100, the price is 99.

OCC will automatically exercise it for me, but i will get SHORT 100 shares.

what if other the weekend the price shot up 20% to 120. then i bankrupt max?

or i get the difference in cash?
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Old 06-03-2020, 04:58 PM   #26
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Asumming I am holding an option which is just in the money upon market close.

example: option put 100, the price is 99.

OCC will automatically exercise it for me, but i will get SHORT 100 shares.

what if other the weekend the price shot up 20% to 120. then i bankrupt max?

or i get the difference in cash?
Ask IB. I also want to know. I think you get to choose whether you want to let it expire or exercise it, it may not be auto exercise. My bull call spread expired in the money and I got the cash from the strike difference

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Old 06-03-2020, 06:37 PM   #27
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Ask IB. I also want to know. I think you get to choose whether you want to let it expire or exercise it, it may not be auto exercise. My bull call spread expired in the money and I got the cash from the strike difference

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So u got cash and not positions rite.

Ok good. Then safe for me.
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Old 06-03-2020, 07:30 PM   #28
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So u got cash and not positions rite.

Ok good. Then safe for me.
Got cash because my long and short calls of the same underlying expired in the money.
Not sure what will happen if only the long call or put expires in the money

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Old 07-03-2020, 03:53 AM   #29
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Asumming I am holding an option which is just in the money upon market close.

example: option put 100, the price is 99.

OCC will automatically exercise it for me, but i will get SHORT 100 shares.

what if other the weekend the price shot up 20% to 120. then i bankrupt max?
You're short 100 shares at 100 and it's gone to 120. You've lost $2k.

If you don't want this to happen, buy the stock back just before the close; that'll net off against the option exercise and you'll lock in the $1/share profit.

Was reading IB website, noted for USD based options, it is $0.25 per contract and min $1 per order. Low indeed.

However, as of 03Mar2020, the finance rate is 4.09%p.a. Is this updated?
That seems wrong. IBKR's interest rates as of this morning are 2.59% on the first $100k, and they pride themselves on having the cheapest margin rates in the market.
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Old 09-03-2020, 01:39 PM   #30
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thanks all for taking the time to answering my questions.

Today i got option expiring again.

SPY Mar 09'20 285 Put.
Since now the market is at 297
I confirm dun want it to expire worthless again. So I just set to "Market" and wait for some idiot to buy it?
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