I am puzzled for quite long

Discussion in 'Trading' started by freewilly, Jun 16, 2009.

  1. Bought DRYS June 6 calls at today's closing. Bid/ask was 0.60/0.65.

    I bought at 0.65. but the closing price was 0.63. How can people buy at 0.63? I thought it had to be 0.05 incremental. Can anyone explain this to me?

    Also bought BAC, that's much better. It has penny incremental.