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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: cthruu who wrote (3360)	2/22/2000 12:22:00 AM
From: Bridge Player	Read Replies (1) \| Respond to of 8096

At the moment I have no account with IB so have no experience trading with them. The open interest should be, AFAIK, irrelevant. The market maker on each exchange where a given option is trading is required to honor the given quote for only a 10-lot, no more. And it should not matter whether there is 3000 that have been traded before that that day at another exchange, and none on the exchange where he is at. When a new series is opened tomorrow, Tues, for the October options for those in the Jan-Apr=Jul-Oct series, then there is NO open interest when trading begins. AFAIK, each exchange is still expected to honor their quote for only a 10-lot. Once filled, they are free to raise or lower the quoted price. Hopefully someone more knowledgeable will correct this info if it is not correct. BP