In quote panel, bid higher than ask??

Discussion in 'Interactive Brokers' started by robert111, Mar 3, 2020.

  1. In an options spread on spy stock, in the quote panel, at times today the bid was much higher than the ask. What is going on here?
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  2. TommyR

    TommyR

    that's why you only trade in 1's. its called locked markets look it up
     
  3. minmike

    minmike

    Try to execute. See what happens.
     
    tommcginnis likes this.
  4. What I suspect is that the buyers don't want to buy only 1 contract. They might have "all or nothing" orders, with a quantity higher than 1. Thus the order for 1 contract at 0.28 is not getting filled.
     
    tommcginnis likes this.
  5. mskl

    mskl

    IB's spread quotes in many of the active securities are often wrong (behind) in these fast markets. ie SPY, AAPL etc . they are constantly crossed but they are incorrect