Timeline for How to sell a worthless option
Current License: CC BY-SA 3.0
9 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 23, 2020 at 14:12 | comment | added | Bob Baerker | You cannot sell an option for $0.00. Therefore, a limit order is needed and the lowest price that you can bid is one cent. There is no incentive whatsoever for anyone to buy a worthless option from you for one cent so Houston, we have a problem. The only way to exit is to trade a spread that involves this worthless option and then immediately BTC the newly opened leg. | |
| Dec 24, 2018 at 16:05 | comment | added | teldon james turner | i just tried this with no luck. i placed a market sell order for some worthless put options and the order never filled. it was a day order at interactive brokers and i specified cboe2 instead of smart routing. | |
| Dec 28, 2014 at 6:51 | vote | accept | Jonathan | ||
| Jan 4, 2015 at 20:16 | |||||
| Dec 26, 2014 at 15:55 | comment | added | Jonathan | I am optionshouse and selling at market returns an error that price can't be $0.00. I spoke with customer support and they say there is nothing to do. Perhaps you have a suggestion how to book the loss this year? | |
| Dec 26, 2014 at 15:54 | vote | accept | Jonathan | ||
| Dec 28, 2014 at 6:51 | |||||
| Dec 5, 2014 at 19:01 | vote | accept | Jonathan | ||
| Dec 26, 2014 at 15:52 | |||||
| Nov 28, 2014 at 18:49 | comment | added | JTP - Apologise to Monica♦ | Don't use a limit order, just "sell at market." | |
| Nov 28, 2014 at 18:27 | comment | added | Jonathan | I just tried selling it at 0 and the order just sat there. Any suggestions? | |
| Nov 28, 2014 at 17:15 | history | answered | JTP - Apologise to Monica♦ | CC BY-SA 3.0 |