Strange trade, a stub quote fill??

Discussion in 'Order Execution' started by prc117f, Jan 8, 2015.

  1. prc117f

    prc117f

    Okay I was looking at T&S tape for the SPY Janurary 09, 2015 208 calls.

    At exactly 13:08:37 a trade crossed, 80 lot @ 1.33 per contract which is way out. The prints before it was .10 and after .10

    Trade tape.
    So it was 80 cars @ .10 13:08:37
    Then 80 cars @ 1.33 13:08:37
    then 100 cars @ .10 13:08:40

    Weird trade, so did a stub quote get filled because all the orders got filled and what was left was the stub, similar to what happened in the flash crash?

    Obviously the book is not as deep on these options, compared to stock. I know there is a Stub rule in effect for stock, but does one exist for Options?