Big Trade

S

Sunfair

Could someone explain the trade in the middle below? (taken from yesterday's BAC trades).



16:02 $ 5.30 200
16:02 $ 5.30 400
16:02 $ 5.30 400
16:02 $ 5.29 1,000
16:02 $ 5.5152 178,300
16:02 $ 5.30 200
16:02 $ 5.30 1,000
16:02 $ 5.30 200
16:02 $ 5.30 400

Thanks.
 
Quote from Sunfair:

Could someone explain the trade in the middle below? (taken from yesterday's BAC trades).



16:02 $ 5.30 200
16:02 $ 5.30 400
16:02 $ 5.30 400
16:02 $ 5.29 1,000
16:02 $ 5.5152 178,300
16:02 $ 5.30 200
16:02 $ 5.30 1,000
16:02 $ 5.30 200
16:02 $ 5.30 400

Thanks.
More...

Probably a cross-trade
 
without looking at the prices seems like it could be an order someone was having worked for them all day. then printed at the close.
 
Thanks for the replys. I notice this a lot when looking at afterhours trades and also occasionally in first few minutes of the market open and close. Sometimes (doesn't matter the time) a small trade of say 100 or so shares will be as much as 50% abive or below the market. Who would take the losing end of these trades?
 
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