Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Could someone please explain to me why the Last Price and the Bid/Ask Prices are extremely different sometimes? For example I pulled up a quote on cboe for UCQCA (Mar '01 105 Call for JDSU). It says the last sale is 12.125. The Bid/Ask prices are 18.5 & 19.25 respectively. On the other hand, I looked up the same quote at eDreyfus and it said the last sale was 19. Bid/Ask were 18.875 and 19.375. This seems better, but there is a small difference between Bid/Ask prices. I would think that cboe would be fairly accurate, but I don't know which numbers to use now.

If I wanted to set up a hypothetical portfolio and paper trade this option what would I use as a purchase price/sell prices?

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.