1,000,000 ctpo in 2 minutes, page-6

Karll,
If you look at the 1M CTPO transaction, you will see that it was executed in 3 tranches - and at exactly the same time - I believe that this means that all three tranches were part of the same transaction ....

The 1M CTPO transaction was executed a s follows:

Course Of Sales

Time Price ($) Volume Value ($)
10:02:04 AM 0.037 929,700 34,398.900
10:02:04 AM 0.037 50,300 1,861.100
10:02:04 AM 0.037 20,000 740.000


Now, if you were a SELLER, would you SELL 1M CTPO options in three tranches AT THE SAME PRICE (ie. would you enter 3 separate orders ? I suspect not.) If you were a BUYER, would you BUY 1M CTPO and have your order filled in tranches ?

In my view, the 1M CTPO transaction was a BUY transaction taking out part of the 3.7c line of CTPO Options. (the remnants of 70,300 CTPO are still in the queue (As at 12:07) see below)

I suspect that if we were to look at the original opening queues, we would see 3 SELLERS of (top-to-bottom) 20K, 50.3K and 1M in the 3.7c SELLERS queue.


BUY/SELL queues at 12:07:

Buyers Sellers
No. Volume Price ($) Price ($) Volume No.
1 70,300 0.037 0.039 620,454 1
2 150,000 0.036 0.040 200,000 1
4 563,571 0.035 0.041 320,000 3
2 135,300 0.034 0.042 487,403 1
1 300,000 0.033 0.046 100,000 1