L2 only shows the lowest price on the ASK so any higher ones from the same Marketmaker do not show on L2....I knew that there are 100k @.0531 on Nite from yesterday, and CSTI has had those same 216k offered a few times now....Trust me, there's more shares than even 500k at this point...
Of course you can see many of them now that they have lowered their asking prices....
Sometimes people back off and hide above waiting for the bid to rise high enough to jump over and either sell at bid or just undersell current Ask price....happens all of the time..
News 
Market Data 
Discover 
