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Another strange question...please look at NLS Jan07 put options...?
Today, someone bot/sold "2" Jan07 10 puts for .15. This took place when when the stock was only up by about .07. Now, later in the day when the stock is up .30, no one will even sell at .20. I was a recepitant of this one time...I placed a far out order GTC for a cheap price. Somehow I got hit (to my surprise) but only got 3 of my 30 options. But there were other orders at a better price than mine. And what really upset me, was I was right but only had 3 options! Can anyone explain how/why this may happen? Its driving me bonkers!
God help me...I'm coming up with my own "conspiracy theory"! I'm thinking the marketmaker is trying to make his portfolio look good (end of the qtr) and first thing in the am, that was the only order open....hum, makes me want to buy 2 at .30. Think he would get mad a me?
1 Answer
- g_tastyfishLv 41 decade agoFavorite Answer
Today is quadruple witching (expiration of single stock options, single stock futures, index options and index futures). This occurs on the 3rd Friday of the 3rd month of every qtr. and makes for very volitile markets. Stranger things than what you're describing have been known to happen.
