Penny-Priced Options
P R O D U C T   H I G H L I G H T S


In yet another first for the trading industry, Interactive Brokers introduces the opportunity to trade options in pennies. Penny priced options are now available for a handful of underlyings under an SEC mandated pilot program, but since October 2006 Interactive Brokers has been allowing its customers to enter orders for All (CBOE, BOX, ISE) Equity Options in Penny Increments. Rather than entering options orders in nickels or dimes, customers and liquidity providers may post bid and offer prices in pennies, and others may attempt to trade on the prices posted on the IB system. Option prices that improve the NBBO are posted on our website unless a customer chooses not to display their quotes. Click here for further information about the penny pricing system.

To view available IB penny priced option inventory, choose the Flash or Java buttons below to launch an application.

To post bid/ask quotes or to lift an available quote, log into the Trader Workstation (you must have version 864).

Not an IB customer? Click the Open An Account button above.

Penny Priced Options Java Application Penny Priced Options Flash Application
Requirements:

Recommended for quickest viewing. The Penny Priced Options Java application requires you to have free Java software installed on your computer. To download Java, click here.

 Requirements:

The Penny Priced Options Flash application requires you to have the free Adobe Flash plugin installed on your computer. To download the plugin, click here. This application may not work behind a proxy server.
Note: Penny-prices will only be active during US options market hours.

For information on entering penny priced option orders or viewing available penny priced options through our scanner, see our Users' Guide.