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Strategies & Market Trends : Canadian Options

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To: les jarosz who wrote (1307)1/21/1999 1:00:00 AM
From: Zardoz   of 1598
 
THE OFFICIAL RULE:

Some contracts are not a board lot of 10, but of 20. Not suggesting that NNC is 20. Many quote servers only list the Market Makers bid/ask prices, and not those of other private clients. This prevents those, $0.05 seperations prices. If the BID was ever higher then the ask for you contracts, then they are required to BUY your options. But your ask may have still been entered into the books. Only the TSE, and your bank, can confirm that. The ROYAL was forced to buy mine, when they never entered my ABX calls over three years ago. {I had proof it was over my ask} But if a board lot was of size 20, then they DON'T have to buy your lots of 10.

There is many rules on option trading on the TSE exchange, and if you go back to near the beginning, you'll see some from Port Davis. {I still spit on the TSE for that}.
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