Odd behavior this morning that I want to better understand b/c suggests some sort of shenanigans:
- There was a standing offer of 45 contracts (“K’s”) @ $0.15, (which I believed to likely be a stale GTC order since the underlying had spiked up overnight)
- ~9:20am (premarket) I put in a Bid of 50 x $0.15 hoping to snap them up at open.
- Mine was the only Bid at the time and spread showed as: Bid: 50 x 0.15 : Offer: 45 x 0.15
- Some time around 9:27am, I noticed the…