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To: abuelita who wrote (27377)8/1/2000 3:23:25 PM
From: bonnuss_in_austin  Read Replies (1) | Respond to of 35685
 
Rose: I'm no options expert...

I just printed out off of the Fidelity website (my online broker) the options chain for QCOM.

I see that "AAFAT" is the January 01 call with a 100 strike price.

I'm not seeing a "ZQIAT."

I'd like to know this myself. My guess is that the two quotes are from two different options exchanges (I believe the Fidelity "AAFAT" is from the Chicago Board of Exchange; would guess ONLY A GUESS that the "ZQIAT" is from another exchange ... and I also wonder if it might be a Canadian options exchange, since you hail from Canada.

NEED HELP HERE FROM THOSE MUCH MORE EXPERIENCED THAN ME IN OPTIONS to answer Rose's question.

b-i-a
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To: abuelita who wrote (27377)8/1/2000 3:43:43 PM
From: freeus  Respond to of 35685
 
Different symbols for the same option.
Sometimes (not in this case I guess) it's because of an unusual split: for example TQNT split 3 for 2 when I had it last time and because the options then were for 150 shares instead of 100 CBOE made another option for the same strike that was just for 100 shares (at the same strike price).
But with Qcom's split being even at 4-1, it doesn't seem like that is the reason for the ones you mentioned.
Freeus



To: abuelita who wrote (27377)8/1/2000 3:56:32 PM
From: Uncle Frank  Read Replies (1) | Respond to of 35685
 
>> When looking at an options chain, say Qcom Leaps, I see two codes: AAFAT.X and ZQIAT.X

Here's my take on it, Rose.

ZQI was the designator for qcom leaps that expire in 2001.

AAF is the designator for qcom calls.

ZQIATs (January 2001 100 strike price leaps) are no longer traded. They were converted to AAFAT (January 2001 100 strike price calls) a few months ago.

uf