Level 3, also known as TotalView, shows the complete order book depth on Nasdaq, including every single quotation and order at every price level in securities that are listed on Nasdaq, NYSE, NYSE American, and regional exchanges. A trading service will offer pricing data on a securities as a level III quote. Level 3 includes the current bid price, ask price, quote size, latest trade's price, size, high price for the day, and low price for the day. Institutions are permitted to send information, execute orders, and enter quotes at Level 3. Since level 3 provides a high level of market depth, the service is only available to registered Nasdaq market makers and subscribers.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr