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Strategies & Market Trends : Canadian Options

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To: Porter Davis who wrote (61)	1/26/1997 11:29:00 AM
From: kajtek	of 1598

Porter Thanks. It is nice to have someone who works THERE and can answer all those questions. I am going to e-mail tse on Monday. There is another question. You will hate me soon but until then I will try to ask you. If I place order let say to buy 50 call contracts at market price what is the policy to fulfill this. Is that true that specialist must sell first 10 contract at the ask price? What happens with next 40 contracts. Is there any regulation about it? If there is no regulation then the specialist could drive the price very high. Does it mean that if somebody wants to buy more than 10 contracts it is very risky to buy at the market.

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