What Is Fair Value?

simplex has an internal model that combines the observed market data that we have with our internal vol volatility modelling to spit out a a fair value for every option. Most of the time, if the best bidden option is a dollar and the best ask is one dollar and ten cents, most of the time we think the fair value is a dollar five. So here, i guess we've spoken quite a bit about how you're quoting and putting orders out there into the market. Let's say you are lifted. You're filled on one of those orders. And what happens next from your point of view? Sure soou soou aring comes into the market and buys ten calls an apple