ANZ - Market Depth (EXPLAINED) - Very Odd??

[tnargak]

Hi Guys,

Can someone explain to me what this means.

I did a market depth report on ANZ and even though the closing price was $18.09, buyers are trying to buy for $25, and the last 10 trades shows trades from $22 - $25.

See attached screen dump.

 

[Family_Guy]

That's something i never understood either......although comments i have seen before range from
"window dressing"
thru to
"don't take any notice of pre opens"

So i don't any more. BUT, next to my in depth on ANZ in Bell Direct, are the letters EP next to each trade......can someone fill me in on that one?

 

[MichaelD]

Normal preopen behaviour.

See the sticky on preopen;

https://www.aussiestockforums.com/forums/showthread.php?t=11619&highlight=preopen

 

[wayneL]

I'm guessing that the last trades at $25 etc were early put option exercising. Were there $22.06 puts though?

Just a guess.

 

[BigJohnny]

I'm guessing that the last trades at $25 etc were early put option exercising. Were there $22.06 puts though?

Just a guess.

Any trades listed before 8am, are most likely to be reportings of put/call exercises of options, and these are tagged with EP, EC respectively.

The trades reported with 22.06 price were the exercise of the July 22.06 puts.

Cheers
BJ

 

[stargazer]

Hi

I think the ASX website explains this behaviour. Also an aside how did you post that from E trade.

Cheers
SG

 

[white_goodman]

Hi

I think the ASX website explains this behaviour. Also an aside how did you post that from E trade.

Cheers
SG

print screen up near F12