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Yes Britkid99 I am referring to exactly the market price and market value on the account panel. And yes, you are right that sometimes the numbers can be in my favor too. Either way, it is not reflecting my true P/L, especially when the markets are closed. I too keep a cash buffer but the combination of inflated margins and wrong closing prices can distort the value of an account temporarily since the numbers usually correct themselves around midnight.
Ron99, do you have this issue with your options positions at OX? At IB, the market price of the premium sometimes fluctuates even when the markets are closed.
Can you help answer these questions from other members on NexusFi?
Here we go, an example of what I am referring to britkid99: CL options are closed right now. The market price on my April 105 calls is showing 0.82037 but the last trade on the IB platform is showing 0.72 and when I check for settlement price elsewhere it is showing 0.74 so where is IB getting 0.82037 from? I have seen even wider discrepancies in the past.
Ron99, what does it the settlement show in OX for the April 105 calls?
I just checked the CME prices for April CL 105 calls. High today was 0.78 Low was 0.72 and closed at 0.72 so basically it NEVER even traded at 0.82 so why does it say 0.82 on my IB account page?
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
yeah, these were my sentiments too,
one basic question, do you try to avoid the Financials, given their significant volatility?, especially since they go towards extreme ranges within the mean / average trading range of prices, and from an options perspective, only complex condor and straddles might possibly benefit profitably, certainly not straight forward calls or puts in anticipation of predictable or anticipate one direction price moves?
these are some of the questions and issues that drove me from equity / index option trading at the CBOT and ASE, and towards basket trading ETF's and Emini futures....
I've seen option daily settlement prices do wacky things several times. I've had closing prices be a lot higher or lower than the daily range, sometimes the price is zero. But, more often then not the correct settlement price shows up.
IB might be inflating the spread somewhat for their benefit also....not sure. I was going to mention the spread might be due to low volume but the April 105 call has 5,319 contracts = lots of volume there.
It generally corrects at around midnight. Like right now the April CL 105 calls are showing a price of 0.80, it was at 0.83 earlier. I have no idea where IB is getting these quotes from cause as far as I can tell, there have been no volume traded on this strike in the night session.
I only have a position of 3 right now but in the past I have traded a much larger volume like when I traded ZC I had a position size of 40 so these weird price quotes have cause my account balance to fluctuate for no apparent reason. Because of these weird prices, my balance have been known to be off by 5k to 10k or more in the past.
