08-21-2020, 08:39 AM
(08-20-2020, 04:31 PM)NilesMike Wrote: How do you ever get filled in ALE? There's no volume and very little open interest??I don't recall it taking longer than 10 minutes. I start with a limit order just inside the bid-ask depending on puts or calls, adjust it up a time or two and walk away. They usually fill around mid-range like normal. It's not like trading T for sure, but I'm only dealing with 1 or 2 contracts of ALE. I wouldn't wait until 20 minutes before expiration to close or roll a position if that was my intent. I sell options on a number of stocks that don't have much volume. Perhaps market makers pick up the trades? I don't know, but I don't chase them and they usually fill. These are almost always a low number of contracts.