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Jim Schultz: The Bid-Ask Spread Is Quietly Costing You Real Money.

NowPress play to follow along0:00 / 7:42
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ticker lesson

Breakdown

0:00lesson

Liquidity is key in options trading

  • Options trading hinges on liquidity
  • Focus on bid-ask spreads, not Greeks or volume
  • Liquidity determines fair pricing access
1:37lesson

Bid-ask spreads cost retail traders

  • Retail traders buy offers, sell bids
  • Negotiating mid-price is disadvantageous
  • Spread differential = hidden cost
3:20lesson

Monthly vs weekly options liquidity

  • Top liquidity names (SPY, AAPL) have tight spreads
  • Less liquid assets show wider monthly/weekly gaps
  • Default to monthlies for regular trades
5:09SPY· ticker

SPY monthly options — tight spreads

  • August monthly options show 5-6 cent spreads
  • Mid-price fills common
  • High liquidity enables price improvement
6:57IBM· ticker

IBM weekly options — widened spreads

  • August weekly options show 70-75 cent spreads
  • 70 cent put spread, 50 cent call spread
  • Less liquid names show significant gaps

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