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Regulators are also looking into the unusually high trading volume in the stock.
Abnormally high trading volume and heavy demand tend to bolster an option's price.
Regulators are also looking into the unusually high trading volume in the stock during this period, Tenet said.
On Oct. 14, shares in Taseko Mines fell about 37 percent within minutes on unusually high trading volume.
The losses came amid relatively high trading volume, with slightly more than a billion shares changing hands on the New York Stock Exchange.
And the way in which these automatic orders interact with high-frequency and other computer trading strategies can quickly erode liquidity, even amid very high trading volume.
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They provide liquidity to markets, thanks to their high trading volumes.
The direct consequence of these results is that, as far as delegated portfolio management is concerned, overconfidence generates high trading volumes only through over-acquisition of information.
PVM, a unit of the world's largest independent broker of oil derivatives, said on Thursday it was investigating the price spike and unusually high trading volumes earlier in the week.
"These brokers stole millions of dollars by overcharging customers for trades involving stocks with high trading volumes and price volatility, which are characteristics they wrongly thought would conceal their illicit pricing scheme," Robert Khuzami, the head of the S.E.C.'s enforcement division said in a statement.
All these will lead to a "fundamental and permanent change to high trading volumes," said Levinson.
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