That whole “Smart-Routing” thang…… looking for “price improvement” —
it’s gotten me out of more than one miscue…..
This morning was the latest: I owned an ATM spread in SPX, expiring today, that was covering short positions well above the current market. Phooey! Sell the insurance spread before it dies!
Then I noticed that top-side spreads I’d put on for Monday Nov13 were not so protected, and then I noticed that the prices/price differences were nearly the same. Well! Rather than…