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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Jon Koplik who wrote (41726)9/17/1999 8:32:00 PM
From: S100  Read Replies (2) | Respond to of 152472
 
Has this been posted?

smartmoney.com



To: Jon Koplik who wrote (41726)9/17/1999 8:49:00 PM
From: JohnG  Read Replies (8) | Respond to of 152472
 
Options Help Needed. I find that there are now what appear to be duplicate option contracts, but having different bid/asked.
1) WLUAW=QCOM 1/02 140 strk call w/ bid/asked= 82.25/84.25
WLUAH=QCOM 1/02 140 Strk call w/ bid/asked= 89.50/91.50

2) WLUAV=QCOM 1/02 150 strk call w/ bid/asked= 77.50/79.50
WLUAJ=QCOM 1/02 150 strk call w/ bid/asked= 84.875/86.875

3) ZLUAX=QCOM 1/01 130 strk call w/ bid/asked= 74.875/76.875
ZLUAF=QCOM 1/01 130 strk call w/ bid/asked= 81.875/83.875

It appears that in each case there are two identical products having a different name and different prices. How can this be. And if it were, wouldn't arbatragers erase the price difference. Also, since I own the top (lower bid/asked )member of each pair, I feel like I am somehow being cheated. The only possible explanation I can think of is that the top was before the LWIN spin off, but I don't believe that is the case because the bottom member of each pair seems to have appeared recently (Sept 14 I think).

If someone with more options experience than me could explain, I would appreciate it.
JohnG