IB Limit Order Issue

Discussion in 'Interactive Brokers' started by universaller, May 16, 2023.

  1. This wasn't my first time but it seemed that IB placed orders with their own markup on option orders. Here, I placed a short call on IEP at $6.25 but IB placed it as $6.30.

    Does anyone have a same issue?

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  2. universaller likes this.
  3. FSU

    FSU

    Options over 3.00 in most stocks can't be quoted in nickels. It appears instead of rejecting your order they adjusted it to the next allowed price.
     
    murray t turtle, MoreLeverage and rb7 like this.
  4. No, that effects which option exchange they route to, not the price.

    the price issue as said above is due how you trying to quote at a disallowed price due to the increments for the contract.