I read in one of the posts by "mybestfriend" saying the following:"1. buy for $X at close on friday night.2. Sell for $Y at open on monday morning.3. Pocket dividend.4. Profit!!!This works provided X-Y < 1.40, which it usually is, because many people will wait for the morning of ex-div to buy the stock at a discounted price, because they're accumulators not traders." I like this logic but I see on LEVEL II, lots of shares available at higher ask prices.Why Friday AHs is stuck at 30.70 then?
Also I do not see the bid size of 93000+ set at 30.65 anymore. This bid was there for a while and is then withdrawn. I believe, people with level II access would confirm my statement.
30.70 is reasonable given the thin trading. Sellers don't want to set the ask price too high and miss a chance at selling. Bidders don't want to set it too low and miss out on profit.The current AH price is 30.70, so some of those shares on your L2 screen got bought.