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

To: B. E. Barry who wrote (969)	4/7/1998 5:30:00 PM
From: Chris Stovin	Read Replies (1) \| Respond to of 1598

B.E. Barry...Click at the top of the site where it says "Quote Look up"..that will take you to a search page...at the bottom of this page type in "Bombardier" and then click the search button...the next page will provide you with all the quote references for BBD.A...just click on the one that you want. Its a pretty good site...gives you all the option quotes as well

To: B. E. Barry who wrote (969)	4/7/1998 5:43:00 PM
From: Dave.S	Respond to of 1598

To B.E. and Beach: B.E.: The Bombardier options (BBD.B) are listed on the Montreal Stock Exchange. Try their web site for the quotes you require. Beach: Fair value on the Futures is a fairly complicated concept and one needs a computer model to compute it. For example the S&P is now trading the June Futures contract which expires on June 19, 1998. If you were to hold a "basket" of stocks which is equal to one future contract you would receive the dividends payable by the 500 companies in the index. If you were to buy a futures contract and put the $550,000 US (which you would require to hold all the stocks for the 3 month period) into Treasury bills, you would receive interest on this position. The Fair Value calculation takes these dividend and interest factors into consideration. The Program trades kick in when the Futures contract exceeds the Fair value (sell program) by a certain amount allowing a risk free profit. That is the trader sells the basket of stocks and buys a Futures contract locking in a guaranteed profit which is unwound at the expiry (that is he buys the basket at expiry). The same applies to buy programs if the index is below Fair value by a certain amount. You have to trade Index Futures for awhile before these concepts become completely understandable. Dave