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Strategies & Market Trends : The Options Box

QQQ 603.66

-0.9%

Nov 17 4:00 PM EST

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To: bonnuss_in_austin who wrote (9929)	3/8/2001 6:35:30 PM
From: hobo	Read Replies (3) of 10876

It is my understanding that options on the Q's used to be traded exclusively at the AMEX. It is significant that now are also traded at the CBOE because given the added competition due to more M/M participating, it increases their liquidity, hence the spread will not widen much as now there are 2 markets available to traders. My understanding is that the current spread is 05 cents and increments are the same 05 cents on contracts priced below $ 3.00. and 10 cents (spread and increment), on contracts priced above $ 3.00 I may be mistaken on the the $3.00 level, (I can not remember the exact number) At worse, it would make the spreads NOT become larger, since now there are 2 markets actively trading them. I heard once a comment by a Schwab broker that the Q's and Web's saved the AMEX from extinction.

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