Ha, that was my misunderstanding.
I have not traded over phone or email, but I get that there is someone in the broker who routes the order when the order is placed. I'm also...
Thanks. Sorry if it sounds dumb, but I wasn't asking about directed orders. I'm just curious if your smart route algorithm determines the best...
Bob, for smart-routed orders, if an order was initially routed to an exchange, and later there was a better price available on another exchange,...
Thanks Bob for the link. In the doc, I noticed the each modified order due to pegged orders are counted as a new order. Does that effectively rule...
I have been doing some experiments and testing, and placed thousands of orders and cancelled them through TWS API (which by the way rendered TWS...
Looks like IB has a REL + MKT order type that tries to fill each leg with relative orders, but the web page is obscure about what the "trigger...
Thank you, Bob. I'm surprised to hear that spread orders and single leg orders are separate. If an incoming complex order can be broken down to...
I'm curious what the priority is between the complex order book and the regular order book (single options). I.e., which order book is matched...
Makes sense. I guess they have to be hidden for the pegged orders to work.
Because otherwise the two users will bid up continuously and one of them will fill when the bid reaches NBO. The relative order becomes a market...
I was reading the relative/pegged-to-primary order type offered by IB. If I understand it correctly, it generates an order that is better than...
Thanks for the pointer. I tried to look up what D% is about but couldn't find a description.. @Matt_ORATS, do you have a link?
Does the theoretical edge come from sticky delta/strike, or else?
From the graphs it seems like you were trying to profit from the 17.5k strike IV drop, not really an IV skew change. The strike IV drop is usually...
Makes sense. Although it might also be index ETF options where the skew makes covered calls unfavorable.
Is it options of an index or a stock?
I see. 3D plots are great for gaining data insights. For real-time monitoring, I like 2D plots for visualization of changes.
Interesting animation! It seems that the upside IV fluctuates a lot. Maybe it is due to the put being DITM and the bid/ask spread is large. Out...
Sorry, I should have been more clear that I'm interested in implied volatility instead of HV.
Separate names with a comma.