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Hi Kate,
If you can check the time and sales with IB do
so. You did not say over what time frame this occurred, minuets, hours,
days. Also. was it a stock, index or futures option? It is possible
that you actually bought as the option price was moving down, but it took IB a
while to get it back to you. It is also possible they clipped you for 20
cents ($2.00) i.e. they bought at 2.90 and resold it to you at 3.10.
Another possibility is that the exchange they submitted your trade to did not
trade down to 2.90 but another exchange did.
Usually with deep discount brokers they are paid
for order flow, this means you may not get the best fill. For a small
trader this is not as important as the commission costs. If you use a
broker that tries to get the best fill you will pay higher
commissions.
Good luck and good trading,
Ray Raffurty
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
ketayun
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, June 11, 2003 11:04
AM
Subject: [RT] Option fills
Is there some trick to getting option fills? I have
just started to trade options and am using Interactive Brokers. When I put my
limit order in to buy @ the ask was at 3.10. I did not get a fill and then the
ask went down to 2.90. Still no fill, and then when it went to 3.2, I got a
fill at 3.1.IB has no particular explanation other than that I got
what I wanted so why did I have a problem? I bought one contract. as an
experiment. Could that have been the problem?Thanks, for all
help,KateTo
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