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Price is higher than Ask
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Price is higher than Ask

  #1 (permalink)
Elite Member
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Price is higher than Ask

So, I thought I understood the concept of the bid/ask spread, but I am wondering why the price ($48.44) is higher than the Ask ($48.42 x 4100). Perhaps the Price and the spread are not necessarily related? I know this is a pretty simple question, but I cannot seem to find anything online beyond a 'Basic' explanation of the spread. TIA

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BC

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  #2 (permalink)
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  #3 (permalink)
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musickbc View Post
So, I thought I understood the concept of the bid/ask spread, but I am wondering why the price ($48.44) is higher than the Ask ($48.42 x 4100). Perhaps the Price and the spread are not necessarily related? I know this is a pretty simple question, but I cannot seem to find anything online beyond a 'Basic' explanation of the spread. TIA

BC

What's the webpage displaying this, can you post a link?

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  #4 (permalink)
Market Wizard
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48.44 is the last price traded, has nothing to do with current bid/ask.

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  #5 (permalink)
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kevinkdog View Post
48.44 is the last price traded, has nothing to do with current bid/ask.

Hi Kevin, can you elaborate?

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  #6 (permalink)
Market Wizard
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xplorer View Post
Hi Kevin, can you elaborate?

Somebody bought at 48.44. That is the last price traded. Who knows when it actually occurred.

Right now, though, if you want to sell, you'd only get 48.41, and if you want to buy, you'd pay 4842.

In other words, the market has moved since the last trade.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #7 (permalink)
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kevinkdog View Post
Somebody bought at 48.44. That is the last price traded. Who knows when it actually occurred.

Right now, though, if you want to sell, you'd only get 48.41, and if you want to buy, you'd pay 4842.

In other words, the market has moved since the last trade.

Okay, thanks, that's how I thought then.

When you mentioned last price has nothing to do with bid/ask I thought I was missing something, but really what we're saying is that if we're buying or selling we expect to do so within the current bid/ask, in other words it works like in the futures (last time I watched a L2 stock was 2014 I think).

Depending on the stock's liquidity/frequency of trades, the last price traded may no longer be in sync with the bid/ask which in the meantime has moved.

Confusion cleared

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