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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?


To: Dave.S who wrote (812)1/13/1998 4:43:00 PM
From: Marwan Forzley  Read Replies (1) | Respond to of 1598
 
when the fill for a market order (call options) is about 15% higher than the ask price at the time of the trade, is that an indication that something went wrong on the trade floor. The quote that was given prior to the trade order was a real time quote, and the fill was done shortly after the trade order. As far as I know there was no sharp movement in the underlying stock at the time trade was executed. I know option premiums are volatile, but I am very surprised to see that the fill was so much higher than the quoted ask price. Any thoughts on what could have happened..

The trade was done on the TSE, and the underlying security had a $3 difference between the high and low of the day.