Pre-opening indicative prices

[pixel]

And then the world changed... I should have had my cuppa first...

Happens every third Thursday of a month.
It's due to Index Options Expiry, with the strike price being determined by the actual Opening Price of the constituents of the ASX 200.
The pre-open bid/offer board will gyrate wildly while the "interested parties" play Hopscotch to try and confuse the cr@p out of each other - and us small fries.

Make a mark in your calendar and don't even look at pre-open iap's on those days.

 

[Muschu]

Happens every third Thursday of a month.
It's due to Index Options Expiry, with the strike price being determined by the actual Opening Price of the constituents of the ASX 200.
The pre-open bid/offer board will gyrate wildly while the "interested parties" play Hopscotch to try and confuse the cr@p out of each other - and us small fries.

Make a mark in your calendar and don't even look at pre-open iap's on those days.

Thanks Pixel - certainly confused me - but that's easily done!

 

[Simpletips]

A tick to you, would pay 7.50. Start and the end of the day can be very dangerouse for the newby or unwary. On selling I have often seen sell orders premarket in what appears to be big support only to see the large buy order dissappear 30 seconds prior to trade. There are unscrupulous but cunning traders taking money off the lambs this way all the time.

I never trade till at least 10.30 and keep away from all stocks that have low inconsistent volume. When there has been a big fall overnight it is hard not to want to liquidate at market opening. Watch for it in future and you will note time again that there will be a bigdrop in the first 30 minutes (becomes oversold from the panic merchants) then it will rise and on this rise it will often go back to near the day before close by 11 to 11.30 which is the time to get out if need be. The strength of a stock between 2.15pm and towards 3 is usually about thrue value. The pros get togther over lunch and then make the big institutional buys.

Just my 2 cents.

I somewhat understand this. If a buyer placed a bid at $1.30, open price is $1 and the seller price is $1 would the buyers bid be executed at $1.30 or at $1?

Or would the buyer have his bid not executed as the buyer and seller price are different?

Thanks

 

[Gringotts Bank]

I somewhat understand this. If a buyer placed a bid at $1.30, open price is $1 and the seller price is $1 would the buyers bid be executed at $1.30 or at $1?

Or would the buyer have his bid not executed as the buyer and seller price are different?

Thanks

$1. The indicative open price will tell you this. Some brokers show IOP and some don't.

 

[burglar]

I somewhat understand this. If a buyer placed a bid at $1.30, open price is $1 and the seller price is $1 would the buyers bid be executed at $1.30 or at $1?

Or would the buyer have his bid not executed as the buyer and seller price are different?

Thanks

Try this thread:

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