I have $4 calls on Licid that don't expire till 1/26. I notice that once in awhile, about 1 minute before close, they will suddenly double in price and drop right back down at open the next day. Is this just a glitch or is something else going on. I tried setting limit orders to try to catch it but it hasn't worked.
Thanks
Posted by Gwood62
1 Comment
They are probably jumping due to the bid price dropping to zero. No bids makes it look like it’s shot up in price but it’s not real. There isn’t a way to capture this as there are no buyers.