Singapore + Singapore
Posts: 13 since Nov 2015
Thanks Given: 10
Thanks Received: 2
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Hi,
I'm currently trading options on commodity futures on IB.
I've noticed that getting fills on ratio credit spreads on options on IB can take quite a while and be quite frustrating.
For e.g., if the B/A is -0.20/-0.30, if I put in a bid at -0.25, the B/A almost immediately adjusts itself to -0.15/-0.25. This happens to almost every commodity that I've sold options in (CL, NG, ZW, etc.). I can only get filled if I go in at/close to the middle of B/A and wait (sometimes within 1/2 hour to several hours or not at all). Needless to say, this is most frustrating as I seem to be trading against a market maker or trading algo who just lowers prices in response to a lower bid by me.
Is this a feature of the liquidity in the options markets or something that's idiosyncratic to IB itself?
What's the best way of getting filled for credit spreads?
Cheers,
K
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