Zion Oil & Gas Inc (ZNOG): Wide bid-ask spreads are the definition...

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Porgie Tirebiter

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Porgie Tirebiter

Re: Moses1492 post# 39430

Thursday, 09/03/2020 1:41:35 PM

Thursday, September 03, 2020 1:41:35 PM

Wide bid-ask spreads are the definition of an illiquid market. And it's often labeled as "manipulation" but it's really not - It's just that there is no one interested in being a party to your trade. Welcome to the OTC.

Just for a lark, I put in a 1¢ bid on the October $3 call. I picked it because it has no open interest so I figured there was little to no chance someone would actually sell it to me. For what it's worth, TD Ameritrade did accept the trade and put it up. Of course I canceled it after about 30 seconds...

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:

1D
1M
3M
6M
1Y
5Y

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