CBOE Trades QQQ Options

April 01, 2001

The Chicago Board Options Exchange began trading options on the Nasdaq-100 Index Tracking Stock (QQQ) on February 27. This class has been allocated to Wolverine Trading, LP, which has more than 40 market-makers on the CBOE and trades in more than 300 classes. Wolverine has guaranteed deep and liquid markets, and to that end will be 200 up on screen quotes and significantly higher on verbal quotes.

Trading hours for the QQQ options are 8:30 am to 3:15 pm CST. The CBOE says that its Best Execution Assurance Program will ensure that orders executed at the CBOE receive the best price available among the exchanges trading QQQ options.