Hidden orders in ES options

Discussion in 'Options' started by just21, Oct 31, 2007.

  1. just21


    I just went .65 bid on the 1350 puts and traded immediately even though the market was .70 offered. Why is this?
  2. Div_Arb


    You were the NBBO and a trade came through that the specialist was required to execute at your price.
  3. just21


    I thought it was electronic?
  4. There is no specialist on ES options, they're options on the futures its a different system. Same with NBBO since they're the only market. Most likely your screens were slow when the market was whipping around