Morning everybody,
As part of the ASX agreement with warrent writers they have to maintain an available amount of warrents at all times so as to enable investors to enter and exit at will. Does anyone know if writers actually employ someone to sit there and manually adjust the prices as the underlying stock goes up and down. I thought it was an automated function but I put in a buy for $10k NAB puts yesterday afternoon (which I got in and out of before close) and the shares on offer dropped to zero for 10 mins (like someone was checking with the boss) does anyone know ?
Many thanks
YO
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