The Penny-Priced Options Scanner Page
The Penny Options page allows you to scan for all underlyings for which the IB system has a penny-priced bid or offer that can be displayed. The page shows the total number of contracts available for each underlying.
To use the Penny Options Market Scanner
On the Page menu, select Create Market Scanner, then select US Options in the Instrument drop-down list. Or, on the View menu, select Penny Options.
The left side of the page shows all underlyings for which the IB system has a penny-priced bid or offer that can be displayed, and the number of contracts available for each underlying.
To view all penny-priced contracts for an underlying, double-click the symbol (or right-click the symbol and select Subscribe). A tab is created for the underlying, and penny-priced options are displayed on the page.
As with all market scanners, this page updates in real time, is view-only and does not allow you to submit orders. You must create orders from your trading page. If you don't have a market data line on your trading page for a contract that displays penny pricing, you can drag it from a scanner page to your trading page.
To do this:
Right-click on the Penny Options page tab, and select Detach Page (this makes it easy to drag and drop contracts onto your trading page).
Click and hold your mouse in the Description field, drag the contract to a blank line on your trading page, and release the mouse to drop the contract.
Please click here for important information and details concerning the Penny Option Pricing System.
Note that any symbols displayed are for illustrative purposes only and not intended to portray a recommendation.