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Non-Tech : E*Trade (NYSE:ET)
ET 16.54-1.7%3:59 PM EST

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To: Richard James who wrote (13837)7/24/2000 7:00:53 PM
From: BWAC  Read Replies (1) of 13953
 
Options are traded on many separate exchanges, not all of which have the exact same price at the exact same time. Datek and/or EGRP could be giving the quotes from one particular exchange or a compilation of the best prices from several. Irregardless you are only going to get the best price offered at whichever particular exchange your selected broker DECIDES to route your order to.

quote.cboe.com

Type in whatever symbol you wish. Check the box marked "All exchange option quotes (if multiply listed)". Normally you will see subtle differences in the prices at the different exchanges an option is traded upon. Signified by E, A, P, X at the end of the option chain.

EGRP for instance on the 17 1/2 Calls shows:

A, E exchange 13/16 by 1
P exchange 13/16 by 1 1/16
X 3/4 by 1

TYC Sept. 60 for instance shows:

A 2 7/16 by 2 11/16
E 2 5/16 by 2 1/2
P 2 5/16 by 2 11/16
X 2 5/16 by 2 9/16
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