Today's hearings are focused on GameStop stock, but AMC accompanied GameStop on wild price swings. It's actually more volatile right now than GME, which means higher liquidity requirements for selling options. So I'd like to exit my lowest strike AMC position, to free up liquidity for better investments.
I notice 200+ contracts bidding $1.65. Okay, I want to get out, I'm willing to go higher... I bid $1.75 ... and seconds later, 200+ contracts follow me! It's like I'm leading a little herd of bots around. I think it's hilarious. When I cancel that order, they all agree on $1.65 again. Then I place another $1.75, and they come back. Instead of canceling this time, I changed my order to $1.50, and they all just sat around at $1.75, keeping each other company.