I think @IAS_LLC got it. Sounds like someone was accumulating contracts in that price range and your order participated in that, getting some avg price fill for the whole block(guessing here). Would be interesting to know condition codes for the trades. Maybe you can post specifics and someone with access can check.
Yes it's entirely probable (100s of conditions out there), just be careful in the future because you may get filled on the bid next time
Your post is very confusing.. Market is 5.30 bid at 5.45..You offer at 5.40.. No fill,and then you change your bid to 5.35???? What bid?? You were offering at 5.40...corrrect?? So you are making 2 sided markets?? Then you get filled above your offer?? Then you say. You get better sales by lowering your bid?? Perhaps you are mixing up the terms bid and offer??
It actually happened to me a few times too. I don't understand it either but someone mentioned auction, maybe that was the reason?
It's the "get better sales by lowering your bid" that is confusing and doesntcmake sense.Hes a seller..Offering at 5.40..Thats clear.. He never mentioned he was bidding,so lowering his bid is confusing. I think he meant lower his offer,unless he is making 2 sided markets and didnt mentioning it.Regardless,lowering your bid is not going to help you get a sale off..
Thank you.I learned something new today. That explains why sometimes I ended up with a higher sold price for my options than my limit asked. What are the criteria and when would my brokerage put my option into an auction?