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

To: les jarosz who wrote (1307)	1/20/1999 9:22:00 PM
From: Terry Maloney	Read Replies (1) \| Respond to of 1598

Hi les, I guess I was wrong last night when I suggested that you post your question here, that I thought there were still people monitoring the thread who would know for sure ... seems the TSE's managed to drive them all away, as if maybe we're not supposed to know the rules ... Terry

To: les jarosz who wrote (1307)	1/21/1999 1:00:00 AM
From: Zardoz	Respond to of 1598

THE OFFICIAL RULE: Some contracts are not a board lot of 10, but of 20. Not suggesting that NNC is 20. Many quote servers only list the Market Makers bid/ask prices, and not those of other private clients. This prevents those, $0.05 seperations prices. If the BID was ever higher then the ask for you contracts, then they are required to BUY your options. But your ask may have still been entered into the books. Only the TSE, and your bank, can confirm that. The ROYAL was forced to buy mine, when they never entered my ABX calls over three years ago. {I had proof it was over my ask} But if a board lot was of size 20, then they DON'T have to buy your lots of 10. There is many rules on option trading on the TSE exchange, and if you go back to near the beginning, you'll see some from Port Davis. {I still spit on the TSE for that}.