Why are there illegal option orders in the orderbook?

[destriero]

earth, trade inside that 5 offer. Bid 4.9 as it's obv that someone knows something.

 

[rb7]

How to make a foul of yourself when you don't know what you are talking about but pretend to.
There should be a dedicated section for those wanna be traders who knows sh!t!!

 

[newwurldmn]

How to make a foul of yourself when you don't know what you are talking about but pretend to.
There should be a dedicated section for those wanna be traders who knows sh!t!!

just waiting for TheDawn to talk about how 5 dollars is the right price because of infinite gamma.

 

[spy]

The market makers have an obligation to show a two sided quote that is at least 5 dollars wide.

I think you mean at most here, not at least.

 

[newwurldmn]

I think you mean at most here, not at least.

correct. my bad.

 

[spy]

correct. my bad.

Yeah, I make the same type of "sign flip" mistake all the time. Figured I'd clarify though... just so that @earth_imperator doesn't go off and write a program essentially based on a typo.

Go get 'em @earth_imperator! Lol

 

[newwurldmn]

Yeah, I make the same type of "sign flip" mistake all the time. Figured I'd clarify though... just so that @earth_imperator doesn't go off and write a program essentially based on a typo.

Go get 'em @earth_imperator! Lol

a typo is the least of his problems.

 

[spy]

a typo is the least of his problems.

True! Nonetheless... I prefer a full roster so every little bit helps IMHO.

 

[newwurldmn]

True! Nonetheless... I prefer a full roster so every little bit helps IMHO.

You know if the game is football, he'll hold the record for the most number of own-goals.

 

[spy]

You know if the game is football, he'll hold the record for the most number of own-goals.

And yet he comes back for more!