You can avoid the CBOE and send your order directly to a marketplace that is on the NBBO.

FORBES: Furthering The Options Flash Debate

If the market moves while your order is being flashed for a second, you will no longer get the NBBO.

FORBES: Examining The Options Flash

The NBBO system requires trades to be executed at the best bid or offer possible, whatever exchange that might be on.

FORBES: Is Another Flash Crash Inevitable By Year's End And Will It Be Triggered On Purpose?

The appearance of a crossed NBBO can cause both uncertainty and the risk of a trade being executed at worse than the best available price.

FORBES: Historic SEC Order Slams NYSE For Data Violations

The end result is that customers nearly 99% of the time have saved themselves the take fee away and only missed the NBBO 1.06% of the time.

FORBES: Furthering The Options Flash Debate

When the NYSE gets deluged, Hunsader says, their quote feed to the Consolidated Quote System (CQS), which is used as part of the National Best Bid and Offer (NBBO) system, gets delayed.

FORBES: Is Another Flash Crash Inevitable By Year's End And Will It Be Triggered On Purpose?

When the exchange is not on the national best bid and offer (NBBO), the mechanism here at the CBOE will flash that order to participants in the marketplace and allow those participants to step up to the NBBO.

FORBES: Furthering The Options Flash Debate