Inaccurate closing prices for VIX options at Schwab

BMK · Nov 8, 2022

murray t turtle said:
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TYPICAL bid \ask spread in low volume options;
most likely you could get in for$10+ no exit bid\LOL.
According to that trader FSU who knows, its a stub quote. The 00.51 bid /ask $9.00 proved a another clue.
Its a bit like the early option trader who picked up the phone , wanted to sell; other end of phone said '' to who?''
Midpoint bid/ ask value seems like that was auto removed from liquid stuff/LOL, as your guts guessed;
but dont really know on that low volume stuff QQQ options did have some same patterns like that.
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Low volume??

The Nov. 16 strikes near the money are trading thousands of contracts.

murray t turtle · Nov 8, 2022

BMK said:
Low volume??

The Nov. 16 strikes near the money are trading thousands of contracts.
More...

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THAT is low volume;
maybe not for options\ but that explains his options $00.51 /$9.00 bid /ask. Or no bid @ all.
I dont know all the reasons why IBKR got out of options market making??

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Inaccurate closing prices for VIX options at Schwab

BMK

murray t turtle