Friday, April 28, 2023 1:16:43 PM
"Let me jump in here. Double prints means there are two buyers in the stock. Many times you will see triple prints, three buyers. The reason this happens is because brokers on the floor with leave an order with the specialist. If he sees there is another big buyer in the stock then he will tell the specialist to match whatever the other guy buys, also known as a tag along buyer. He does this because he might be working a large order and have many other orders to fill and he can't hang out at one post all day trying to fill one order.
Also if both buyers are present in the put and want a lot of stock, the specialist will just split the stock between the two of them. So if 20k shares are on the offer he will give 10k to person A and 10k to person B, therefore the double prints.
This is very important information because it lets you know that there is not one, but two big buyers in a stock. Hope this helps."
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