I just happened to come across the Bid/Ask price of a particular warrant : 0.030 / 0.000. Now, how can the ask (sell) price be zero? Doesn't make any sense to sell anything at zero dollars right, or am i missing something?
Thanks
2006-10-21 02:37:42 · 3 answers · asked by Fox 1 in Business & Finance ➔ Investing
One sometimes sees this config in afterhours quotes. It's a glitch. The B/As are reversed. Will clear up during trading hours.
Option quotes are sometimes locked during trading hours. Ex: 1.65-1.65. This is because option is trading simultaneously on different exchanges. Arbs will sweep in & unlock the B/A in a second. Don't know if your warrant is trading on several exchanges, would guess not.
2006-10-21 03:25:37 · answer #1 · answered by strath 3 · 0⤊ 0⤋
Does it trade OTC? Maybe there is just nobody offering the warrant for sale. My guess is it trades in the pink sheets, and if you called around to the right brokers you could get sombody to offer it.
2006-10-21 12:07:31 · answer #2 · answered by g_tastyfish 4 · 0⤊ 0⤋
Must be a typo in the list you are looking at. I agree it doesn't make sense
2006-10-21 09:46:10 · answer #3 · answered by waggy_33 6 · 0⤊ 0⤋