I bought 3 call options with expiry in November but as soon as I had bought them the 'bid' disappeared with only an 'ask' remaining. All the bid-ask prices in every other strike remain visible, only no bid in the strike I bought as well as another lower strike which also had been bought by someone (not me). My question is: Are market makers not prohibited from refusing to make a market in options they happily accept premium from?
Approximately what was the bid? The reason I ask is that there are some cases where quotes < $0.05 are not shown, but they do exist on the book. As such, it's possible there really are some bids (and perhaps the price on those bids you saw were lowered), but you just can't see them because they're < $0.05 or whatever the exchange display minimum is.
Yes, I tried doing that to no avail. I've been buying calls and puts for several years now, just never experienced this where only the strikes with activity have the bid disappear immediately after purchases are made.
lol this is the first time i hear about someone being stuck with no bid on options. OTC is famous for this. Lowering your offer and staying low enough for a while should do the trick.