Do I think the stock can run back up over $200? Yes. Do I promote buying calls? Not normally. If you are long the stock and Gavin finds a way to fuck over DIS again then you can ride it out. If you buy calls and Gavin fucks shit up then your calls can be wasted money. California is such a shitshow that it adds levels of risk that is hard to quantify.
Just tanked the stock...Bought 2 DIS calls 8/20 @190 for 2.09
This is common. The bid and ask on options are usually just the market maker and it will sit a little wider than it could be if there is someone wanting an active trade. It's the default idle state. It's why you can see 200 on the bid at 0.30 then it drops all the way to 0.20 and not a single option trades. There was no buyer sitting at 0.30 just waiting to get some it was just the market maker having them available so if someone did want to buy or sell. The moment we put our trades in the computers wake up, they become more interested now they know a fish is nibbling. You can sometimes improve a trade a few cents by playing games with them, I believe I described this before. Several times just keep changing your bid or your ask . Push it till you see you are on the only bid. Then move it back then in again and you can sometimes get the market maker to take your trade at a better price for you.Blazin I have a mechanics question.
So assume some rando option has a bid/ask spread of 0.25 with 150 buyers and 0.35 with 20 sellers. I put a limit order in to buy at 0.30 and the spread changes to 0.30 with 40 sellers and 0.35 with 20 sellers.
Now either all those other offers to buy happened magically at the same time I clicked "submit" or something fucky just happened. What am I missing?