Today I closed the trade on $ITOT with $49 profit. A good til cancel order was sent to close the trade at 0.40. The bid-ask spread was at 0.20-1.20. I thought it was a low ball order to get filled at the low end. But I got filled immediately.
I think this will be the last time I trade ITOT. There are not enough people trading this ticker. I’ll come back when the bid-ask spread gets more narrow. Plus when I was looking to reopen the trade for March expiry. They didn’t have it.
To replace this ticker. I think I will switch over to IWM. First trade will probably be made tomorrow following president Trump speech tonight.