general options trading question

[alen]

When one places an option order, does it take long for the order to go through? (compared to placing stock orders). and is the order confirmed the same day?

 

[Rhody Trader]

If you place a market order, then speed of execution will be essentially the same as with a stock order, though lower liquidity could create some delays. If you use a stop or limit order, then obviously there are other considerations.

Confirmation timing most certainly should come the same day, but the timing of that is all based on your broker. I personally get confirmation on my trading screen as soon as the transaction is executed, then an email at the end of the day or overnight.

 

[Pitscum]

depends if the order can screen executed there and then or it needs to be shooped around. many players dont like dealing small volume so u end up having to ring specialist '1 lot' market makers. orders that are filled have to be given to you as soon afterwards as possible..big bruvva rules....