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Politics : Formerly About Applied Materials
AMAT 223.31-3.2%3:59 PM EST

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To: Jacob Snyder who wrote (24875)10/5/1998 3:07:00 PM
From: Berk  Read Replies (1) of 70976
 
Jacob
My experience is with normal options not LEAPS but the differences shouldn't be that great:
1. A split between B/A is a good starting point but no guarantee
2.NO. NO. NO. Ad infinitum.
3.Should be the same.
4.MM's can fill it themselves, either with or without the offsetting hedge in another option(s) or stock.If they are making a market in the option, they have to fill it but may have a limit on the size of the trade.They should honor their bid or ask.They are obligated to fill a market order but may only do it to a certain size (expressed in the pit on the open outcry).
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