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Porgie Tirebiter

09/03/20 1:41 PM

#39431 RE: Moses1492 #39430

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...