24-hour SPX options, which brokers trade them? And do they trade decently?

Discussion in 'Options' started by darp, Jul 7, 2023.

  1. darp

    darp

    At TD the platform updates prices and P/L realtime for trades in after market, but they do not trade them, said afraid customers would get stuck in them due to poor liquidity. IB seems to, here is their page on them with hours https://www.interactivebrokers.com/en/trading/cboe-nanos.php

    Have never used them, but like the idea a lot. A wild swing can happen that is profitable, but then reverses before open so unless you can sell in 24-hour mkt you lose. And for entering and exiting at limit price I see no danger.

    E*Trade also seems not to trade them. If you can be so kind to, please post any broker you know who does trade them, and if you have traded in non-market hours if you were able to get decent fills. Thanks
     
  2. Generally watch the risk/reward ratio in the first place...
    IMO such index products are bad products wrt the above said...
    Just compare how much you risk for how much you can win (best to do the calc for when spot stays the same at exp, ie. assuming p=0.5=50% for spot going up or down).
    If the reward is less than the risk then better don't play that game... :)
     
    Last edited: Jul 7, 2023
    darp likes this.
  3. darp

    darp

    Thanks. What I am looking for is can see very good profits at nite on a spread, but can not grab them. They have done what want, have hit profit target, but can not sell, thus is higher risk without being able to sell as in morn those profits may be gone. When you sell out a limit price you want, there is no risk. Cheers
     
  4. FSU

    FSU

    Interactive Brokers is the only retail broker that I know of that allows full access to this overnight session and also the curb session just after the regular closing time.

    Generally, the fills/markets aren't too bad in the front dated options.
     
    Adam777, qwerty11 and darp like this.
  5. darp

    darp

    FSU, thanks! I also only see them doing the nite session.
     
  6. Sergio123

    Sergio123

    Options on the /ES and /MES should trade 24 hrs. on every platform.
     
    Axon likes this.