Out-of-hours ZN options w/ IB

Discussion in 'Retail Brokers' started by BlueHorseshoe, Jan 5, 2006.

  1. This probably isn't an IB-specific question but since I'm using them, here goes:

    In the out-of-hours session (now, and for most of the past few hours), for the Feb 107.0 Puts traded on the ECBOT, there are 1300 contracts bid at a price of 0. Ask is at 2/64.

    What is going on here? Are locals or market makers allowed to bid at a price lower than one tick?? What is that level?

    Thanks ...