2. Quotes before the market open often change rapidly and drastically. Especially options.
3. Sometimes in options there are no "real" quotes available and what you see is just a filler quote.
4. Paper trading doesn't play by real world rules.
So getting the "before open" price on an option is not likely to happen.
I have been paper trading options for about 2 years now and in that time also studying them. I recently opened a Scottrade account and been doing pretty good (60% profit). I usually wait until the market has been open for 30 minutes or an hour before I pick an option and place an order.
This week I have tried to place 2 option orders (separate days) before the market opens. On price was $.25 (before open) and I placed a limit order for it but when the market opened it was not filled. When I looked back at the price it has skyrocket to $17.85.
I am wondering can someone explain to me why my order was not placed and why the price skyrocketed in the first couple of minutes. Also how would I be able to get the "before open" price? Also someone suggested that I place a market order but I can not do that because when I try it states that trading hours are not open.
Any is help is appreciated, thanks in advance. :)
