The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about why you should adjust your option orders in penny increments. I’m a big fan of getting into option positions at a known price and taking your time with order entry. I think a lot of people for some reason (and I have no idea why this is) feel like they should rush order entry. When you get into a position, there’s this overwhelming sense of urgency that most people have to force the position into the market. Like magically, if I don’t get into this position and this opportunity, I’m never going to have another trading opportunity come by my screen. But it’s just not the case. After trading for over 10 years now, I know that there’s always another trade to be had later on. If this trade doesn’t work out or if the pricing doesn’t work or if I can’t get a fill on the position, I know for sure that tomorrow, there will be another opportunity. For some reason, I don’t think people thin