Vastly different prices for options?

Discussion in 'Options' started by bookish, May 3, 2017.

  1. bookish

    bookish

    Right now OptionsHouse is quoting WTW 5-5-17 23.5 call for 1.10/1.40 bid ask and tradingblock.com is quoting it for 0.15/0.30

    What gives?
     
  2. Robert Morse

    Robert Morse Sponsor

    upload_2017-5-3_15-45-25.png
     
    bookish and murray t turtle like this.
  3. tommcginnis

    tommcginnis

    Yeah -- at the close, I got 10-bid-20.

    Somet'in' be up wit' yore numberrrs.
     
    bookish likes this.
  4. tommcginnis

    tommcginnis

    Checked again, this morning. (I'm a curious nerd -- nothing new...)
    The PUTS[!!!] were 70-bid-1.10-ask.
    I suspect you had a put quote from OptionsHouse -- take that 1.10/1.40, subtract a day's theta-burn, and "Could be!"
     
    bookish likes this.
  5. %%
    Looks like good quote,Robert, but i really dont know that market; it can pay to focus on a few in addition to many. I was 99% sure i got a bad/bad/LOL quote on SPY, this month , on one of my charting services. IT was a bad[very wrong] quote.

    And the lower the volume the more in-accurate the quote maybe; look @ some FSBO ,ask prices.LOL For Sale By Owner, Asking Price.One real estate appraiser said ''ask price tells you what it is NOT worth''
     
    bookish likes this.
  6. Robert Morse

    Robert Morse Sponsor

    It is just the OPRA feed. Can't tell you what he was looking at.
     
  7. bookish

    bookish

     
    murray t turtle likes this.
  8. %%
    Even though he was noting real estate bookish; applies to many things .LOL
     
  9. ajacobson

    ajacobson

    Too many people and machines for this large a difference - the trade engines would have traded over linkage. It has to be a bad quote or a misunderstanding of some sort.