What is with the giant spread in CCJ?

Discussion in 'Options' started by Bry, Jan 28, 2012.

  1. Bry

    Bry

    This uranium stock trades with high volume but the bid and spread gap is criminal in the June calls. I have never seen a gap that unfair to the seller.

    Can anyone explain this to me? I guess it is just caveat emptor, and whoever buys is a sucker?
     
  2. I see nothing out of the ordinary. http://finance.yahoo.com/q/op?s=CCJ&m=2012-06


    I think you should be more worried about the empty gap between your ears.
     
  3. Bry

    Bry

    I am more worried about the powerful vacuum between your ears. If your skull were ever breached the ensuing implosion could collapse the whole universe.
     
  4. How big is the spread that you think is criminal?
     
  5. Bry

    Bry

    Nevermind, it looks like the quotes I was using at bigcharts.com were inaccurate. I also see huge gaps in the bid and ask for USU June 1.00 calls that have me frustrated, but this is a penny stock.


     
  6. Glad it's resolved. Closing quotes are often unreliable. You have to look at these things in real time. Then, if the spreads are still Holland Tunnel wide, the options should eb avoided.
     
  7. Bry

    Bry

    10-4, thank you.