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Strategies & Market Trends : Canadian Options

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To: Porter Davis who wrote (1504)4/10/2000 11:03:00 PM
From: Lloyd R  Read Replies (1) of 1599
 
Hi Porter. I hope your having fun in good 'Ol Montreal!

I have a question about BCE options.

I was looking at the May 180 and May 190 options last Tuesday (you remember that day don't you?) and this Monday (Yesterday) and have noticed at a few times that there were NO BIDS on BCE MAY 180. I have NEVER seen this before on the TSE, but was wondering if this is a ME glitch.

I get real time OPTIONS from Canada Stockwatch which showed no bid. I thought this was weird, so I did a check on SCHWAB Canada and sure enough, the bid was 0.

I was wondering what does this mean? Does it mean there were no buyers at all, including specialists (since you are a specialist)? I thought specialist were supposed to provide liquidity in the market when there were no buyers sellers. No knock against you, just wondering why the bid was 0. Monday there was no bid, but the ask was about 12.00 or so about 2pm (sorry, can't remembery the excact time).

Thanks in advance.
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