Take a look at the below chart and find the
reason to open an option trading account at Lafferty.
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| . |
Last |
Chg |
Bid |
Ask |
Exchange |
| . |
| Apr-90 |
9 3/4 |
-2 1/8 |
9 1/8 |
9 1/2 |
CBOE |
| Apr-90 |
10 |
-2 1/2 |
9 1/4 |
9 3/4 |
AMEX |
| Apr-90 |
15 3/4 |
0 |
9 3/8 |
9 7/8 |
PHLX |
| Apr-95 |
6 3/4 |
-2 |
6 1/4 |
6 5/8 |
CBOE |
| Apr-95 |
6 3/8 |
-2 1/8 |
6 |
6 1/2 |
AMEX |
| Apr-95 |
8 1/4 |
0 |
6 1/8 |
6 5/8 |
PHLX |
| Apr 100 |
3 3/4 |
-2 |
3 3/4 |
4 1/8 |
CBOE |
| Apr 100 |
4 |
-1 5/8 |
3 3/4 |
4 |
AMEX |
| Apr 100 |
5 1/8 |
-3 1/4 |
3 3/4 |
4 1/8 |
PHLX |
| Apr 105 |
2 1/2 |
-1 |
2 1/8 |
2 1/2 |
CBOE |
| Apr 105 |
2 3/8 |
-1 1/4 |
2 1/4 |
2 3/8 |
AMEX |
| Apr 105 |
2 1/2 |
-1 |
2 1/16 |
2 7/16 |
PHLX |
| Apr 110 |
1 1/4 |
-0.625 |
1 1/4 |
1 3/8 |
CBOE |
| Apr 110 |
1 5/16 |
-0.6875 |
1 1/8 |
1 5/16 |
AMEX |
| Apr 110 |
2 1/8 |
0 |
1 1/16 |
1 5/16 |
PHLX |
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As you can see, there is a difference between
the option professionals and other discount brokerage firms.
Answer : The different bids (B) and asks (A)
for the same option on multiple exchanges. Lafferty goes to the best option
market to get you the best execution price.
Does your broker always go to the best market ?
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