[Gringo]

Hi,
I wanted to know why there are multiple options for say BAC with same strike price trading at different prices for say Jan 2011?

I assumed it could be leaps from previous years with same strike price but shouldn't price be same when both are expiring together?

The link shows where you can see basic quote as an example:

http://ca.finance.yahoo.com/q/op?s=BAC&m=2011-01

BAC Jan 2011 2.5000 call (VBAAY.X) price: 12.5
BAC Jan 2011 2.5000 call (CONTR (VEDAZ.X) price: 10.3

I am guessing it's not European or American option difference as it's an american security.

Does CONTR mean inverse?

Thanks

[DugDug]

had a quick look, out of interest but no real idea.
Other possibilities - the reported prices were done at different times of the day when the price of the underlying moved.
also
American and European variations for options is not reliant on where they are traded. its to do with when they can be exercised.
suggest the broker you use should be the best person to answer this - or possibly they are traded on different exchanges?

[paulrico]

Hi,

You may find the answer here:

http://www.optionsclearing.com/marke.../jan/25349.pdf

sld

[paulrico]

Sorry this is the right document that explains Contract adjustment for BAC options chain after the BAC&Merril lynch merger

http://www.optionsclearing.com/marke...emos/25314.pdf



Slds