For more leverage, the cboe started trading QQQ options today, the 55 calls look good to me this minute, as I hear rumor of a 1/2 point cut this afternoon.
I usually trade the NDX futures & options, and am trying out the Q's today too..
CBOE to List QQQ Options on Tuesday, February 27, 2001
CHICAGO, February 26, 2001 - The Chicago Board Options Exchange (CBOE), the world's largest options
exchange, today announced it will list options on the Nasdaq-100 Index Tracking StockSM (AMEX and CBOE
ticker symbol QQQ) on Tuesday, February 27, 2001.
"CBOE is the leader in index option trading and we are pleased to now be able to offer QQQ options to investors.
Our customers have come to rely on fast executions from CBOE's state of the art trading floor and electronic
trading systems along with the deep, liquid markets provided by our market-makers," said William J. Brodsky,
CBOE Chairman and Chief Executive Officer. "Speed and liquidity are critical factors in today's volatile markets."
The QQQ options will trade in the MNX trading crowd and the Designated Primary Market Maker (DPM) will be
Wolverine Trading LP. Wolverine began trading at CBOE as a proprietary index market-making firm in 1994. They
now have over 40 market-makers on the CBOE and trade in more than 300 classes.
The Nasdaq-100 Index Tracking Stock (QQQ) represents ownership in the Nasdaq-100 Trust,SM a long-term unit
investment trust established to accumulate and hold a portfolio of the equity securities that comprise the
Nasdaq-100 Index®.
Trading hours for the QQQ options are 8:30 a.m. to 3:15 p.m. CST (Chicago time).
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities
and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE
site on the World Wide Web at cboe.com. |
