Post #11978 by Said on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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those Jun 450s only traded 20 contracts today. If someone wanted to sell 30 of them, they very likely would have had to trim the ask down by some amount.

Are you sure?

Jim and Ray not long ago pointed out that on the other side usually is a computer. A computer of a big gun I suppose, hedge fund etc.

If you look at yesterday's bids and trades you still don't know what would have happened if I had tried to sell 100 contracts Jun 450. If a hedge funds computer found my asking price interesting, it might have bought them.

If that computer did not put in a bid itself you wouldn't have seen that potential interest and would not have expected that such a large volume would trade - but it nevertheless would have happened and therefore not 20 but 120 contracts would have changed "hands" (if a computer has such).

Wrong thinking?

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