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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (70992)	9/1/2006 9:14:41 AM
From: GVTucker	Read Replies (1) \| Respond to of 77400

The liquidity of options contracts is mostly dependent on the liquidity of the underlying common stock. With the larger blocks, the trader is going to offset the risk with a common position, so as long as the common can handle that hedge, options can trade with decent liquidity. That doesn't mean that you could have necessarily gotten 100,000 contracts for a dime, but I bet it wouldn't have cost more than 15¢ or so. You probably could have gotten 10,000 or 25,000 contracts for a dime pretty easily.