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Hi Option traders, since the bid and ask spread could be wide, submitting a market order could end up with very undesirable result. How do you guys ensure your order execution without using a market order?
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Mak K
Hi Kevin Du ,
You might want to try looking at the bid and ask and send out orders at mid price or whatever range you deem to be acceptable but have the orders either be limit orders with quick expiry or something that achieves similar results. So basically look at bid and ask, decide how much higher than the ask you would be willing to buy at and then send out limit orders at that price but make the order expire quickly. Of course this is just a very rough explanation of it and not financial advice neither.
You can check these links, maybe the will help you;
https://www.quantconnect.com/forum/discussion/9798/accessing-option-contract-bid-price-after-contract-purchase/p1
https://www.quantconnect.com/forum/discussion/6981/does-lean-engine-check-for-bid-ask-size-during-backtesting-of-options/p1
Thanks!
Kevin Du
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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