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> I see your point. Your depth chart is very illuminating. So even
> though there may not be any trades for minutes or even hours during
> the day, there are always hundreds or thousands of bids and offers
> right off the last price, just waiting for someone to hit them? Very
> interesting. Apparently they're waiting for the market to move their
> way, and they're willing to wait for a better fill instead of hitting
> the current price?
Michael is referring to the market makers on the floor. They will adjust
their bids and offers as the underlying moves but will rarely come to your
price. To do so would cause them to give up the edge, the only reason they
trade on the floor in the first place.
Sean
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