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from <http://www.cboe.com/OptProd/EquityOptions.asp>:
Premium Quotation:
Stated in points and fractions. One point equals $100. Minimum tick for
options trading below 3 is .05 and for all other series, .10.
Regards
DanG
Brendan B. Boerner wrote:
<blockquote type="cite"
cite="">
Hello,
It's my understanding that for options below a certain amount ($3,
$5?) that they trade in price increments of $0.05 and above that the
minimum price increment is $0.10.
I searched www.cboe.com and www.optionsclearing.com using keywords
such as "minimum price improvement increment" and didn't find the
details of these rules.
Can anyone point me in the right direction to find this info?
Thanks!
Brendan
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