Tuesday, March 18, 2008

Beware of bad quotes on TD Ameritrade and Prophet

Hope everyone had a good trading day.

I don't know if it was because of the volume but after the fed today, Prophet charts were very spotty. I also noticed that options bid/ask on Ameritrade was broken. Trade execution worked flawlessly and I got a couple trades done (mostly rolling out calls). Keep an eye on it and be careful. Yet another reason why you should always use limit orders.

For example, AEO May 17.5 Puts were being quoted on Ameritrade as 0.75/0.75 or 0.75/0.85 but the actual quote was 0.65/0.75.

I am going to try to avoid the market the next two days due to the quadruple expiration.

2 comments:

Uzoma said...

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dearameritrade said...

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