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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: Stephen Swantz who wrote (306)3/29/1999 10:49:00 PM
From: shortsales  Read Replies (1) of 10027
 
Stephen: The answer to your option question (post #306) is this, options trade on various exchanges (not related to, or shall I say, trading independent of the underlying equity). the added symbol "&A" and "&C" denote that the option classification, strike, and month are traded at (in this case) two different exchanges. The American and Chicago. You should look at their differences in traded volume and open interest, and generally go where there is greater liquidity, the bid and ask will probably be slightly different. In smallish trades that the vast majority of us do, it generally doesn't have to be considered. Mainly, in large option trades of the fund managers, institutions, and in arbitrage then it could make a difference. Check out the options listing page in the MW section of any week's Barron's for a very clear view of what I just described.

By the way, today I also sold 5 covered QTNGN options for 10, I believe that it went as high as 10 7/8. I'm happy with that. If my stock gets called away, I'll be looking for any price dip, and buy back in. Good luck to you!!!
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