ApexVol Terminal
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What is Penny Increment?
Penny Increment A pricing format where options are quoted in $0.01 increments rather than the traditional $0.05 or $0.10. The penny pilot program covers many heavily traded options classes, resulting in tighter bid-ask spreads and lower transaction costs for traders. Options not in the penny program trade in wider $0.05 increments.
Complete definition
A pricing format where options are quoted in $0.01 increments rather than the traditional $0.05 or $0.10. The penny pilot program covers many heavily traded options classes, resulting in tighter bid-ask spreads and lower transaction costs for traders. Options not in the penny program trade in wider $0.05 increments.
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ApexVol Terminal
Options analytics, live.
Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.
- Live chains and Greeks
- IV rank and percentile
- Expected move and GEX
- Screener and strategy P&L
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