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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?


To: ---------- who wrote (1491)7/6/1999 1:36:00 PM
From: RoseCampion  Read Replies (1) | Respond to of 2241
 
Any way to find out (or more likely, guess) when new strikes are likely to be introduced for an equity? I'd like to buy some bull spreads in QCOM, which is currently around 150 (and has been above 140 for a week or two), but the highest strikes are stuck at 160 (150 for the LEAPS). I might put off buying for a day or two if I knew some 170s were going to be coming out soon - they'd make the spread much more profitable with only a bit more downside risk.

thanks for any info/experience,
-Rose-



To: ---------- who wrote (1491)7/14/1999 11:45:00 AM
From: Dan Duchardt  Read Replies (2) | Respond to of 2241
 
By rule, the option specialist must honor up to 5 contracts
at the current posted bid/ask price


I somewhere got the idea that the specialist had to honor up to 10 contracts, rather than 5. Was I misinformed, or has there been a change??