Fannie Mae-No Politics (FNMA)

[TheMotivatedTrader]

Ask being thin is deceptive. As market makers are cleared out at one level, they will jump down to the next level if they have customers wanting to sell or cover at the next level.

They only show up once on Level 2. Notice you don't see NITE at $2.49 and then further down at $2.53 at the same time. Same thing for the Bid.

They can only show once for the best price they are representing at that given moment. Once they finish their business at that level, they move to the next best level based on their customers' orders.