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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: sandbag who wrote (3990)	12/18/1998 10:24:00 PM
From: bazooka	Read Replies (2) \| Respond to of 4969

sandbag (and everyone), i see what you mean about the price discrepancy because it didn't trade on the day in question. however, i still have questions concerning finding buyers. are mms and/or specialists obligated to buy my contract at their quote (is it an mm or a specialist?). i notice that some contracts (12+ months out) have little or no open interest and their volume seems to always be zero, for example ZOLMJ on the amex (jan. 2001 put 55 for AOL). also i noticed significant trade difference between the same contract on 2 different exchanges, (for example the cboe and the amex). does this provide an arbitrage opportunity or do you have to close your position on the exchange in which you initiated it on? also i wanted to know what other exchanges trade options and what should i consider when considering which exchange to place my tade with? furthermore (yes i have lots of questions) i wanted Steve to discuss the benefits that Yamner could provide as far as getting into positions. is Yamner good for option traders (i asume it is), how profecient are you guys at getting into "net" covered positions? i guess i want to start a discussion on option trading. i encourage others to please contribute and ask questions. unfortunately, i am still in the "beginner stage" of learning option strategies but i will pass on any useful information that i happen to learn. ok so who is going to be the first to answer some of these questions? i know that there are alot of bright traders out there. lets not let/make Steve do all the teaching, although he is quite good and we definitely appreciate and encourage his participation. bazooka btw- any recommendations for option related books, websites, and software?