I have seen some weird things in the market but at the start of today's open I checked my trading positions to find the following weirdness in one of my option positions that just about made me have a heart attack.
UCEAI CALL VERIZON 100 VZ + 5 IAR JAN 45 (LEAP 2009) (Margin)
Last [Tick] 47.40[ + ]
Change 45.55
[% Change 2,462.16%
Bid 1.90
Bid Size 10
Ask 2.00
Ask Size 10
Open 47.40
Volume 10
Day High 47.40
Day Low 47.40
Previous Close 1.85
Prev. Close Date 01/08/2007
Since I am short 4 contracts on this option that puts me in the hole by $18,960.00 for a -3,430.86% LOSS!
Obviously its a weird trading hiccup though since VZ is NOT trading anywhere near levels to justify this price and some idiot pulled the trigger on a trading mistake and set the price high at a huge loss and to scare the cocka out of us...
Whew, that can soil one's britches before I have had my coffee...
TS
UCEAI CALL VERIZON 100 VZ + 5 IAR JAN 45 (LEAP 2009) (Margin)
Last [Tick] 47.40[ + ]
Change 45.55
[% Change 2,462.16%
Bid 1.90
Bid Size 10
Ask 2.00
Ask Size 10
Open 47.40
Volume 10
Day High 47.40
Day Low 47.40
Previous Close 1.85
Prev. Close Date 01/08/2007
Since I am short 4 contracts on this option that puts me in the hole by $18,960.00 for a -3,430.86% LOSS!
Obviously its a weird trading hiccup though since VZ is NOT trading anywhere near levels to justify this price and some idiot pulled the trigger on a trading mistake and set the price high at a huge loss and to scare the cocka out of us...
Whew, that can soil one's britches before I have had my coffee...
TS