twaddle
Thinks s/he gets paid by the post
- Joined
- Jun 16, 2006
- Messages
- 1,703
So I made a small fortune selling June-30 EGLE calls a while back, and I figure now looks like an OK time to cover.
Basically zero volume today, but the market makers are sitting there with bids at 0.35 and asks at 0.60.
I put in a bid at 0.40, and all of the market makers immediately adjust their bid to match mine, *and* it looks like they jump ahead of me in the queue.
How and why do they do that?
Basically zero volume today, but the market makers are sitting there with bids at 0.35 and asks at 0.60.
I put in a bid at 0.40, and all of the market makers immediately adjust their bid to match mine, *and* it looks like they jump ahead of me in the queue.
How and why do they do that?