gg options

[mbv]

Does anyone understand these prices:
GG Jan'09 Calls
Strike/Ticker/Bid/Ask
25.00 OPJAE.X 7.50 7.80
25.00 VHRAE.X 22.20 22.90

How can there be such different prices for the same strike and expiration? What's different about the contracts?

 

[FullyArticulate]

The answer to these sort of "odd pricing" questions can always be found in the Contract Adjustments section at the OCC.

http://www.theocc.com/market/infomemos/info_memos_form.jsp

In this case, the VHR series represents 169 shares of GG due to an aquisition of Glamis Gold.

http://www.optionsclearing.com/market/infomemos/2006/nov/22252.pdf

In addition, you're probably seeing a recent Yahoo bug which does not convert LEAPS to their non-LEAP equivalent symbol and permanently leaves the prices where they were before the renaming.

OPJ should have gone away on May 12th 2006.

 

[mbv]

thank you!