BUSINESSWEEK ONLINE : APRIL 26, 1999 ISSUE
COVER STORY

Why Are These Options Spreads So Wide?


	Recent bid-ask spreads of widely traded Amex options on Apr. 12
COMPANY TYPE OF OPTION BID ASK SPREAD AMAZON.COM APRIL '99 190 CALLS 4 5/8 5 8% BELLSOUTH APRIL '99 42 1/2 CALLS 2 2 1/4 13 ELI LILLY APRIL '99 85 CALLS 5 1/8 5 5/8 10 INTEL APRIL '99 55 CALLS 6 3/8 6 7/8 8 LUCENT APRIL '99 52 1/2 CALLS 6 3/4 7 1/4 7 MERRILL LYNCH APRIL '99 95 CALLS 5 1/4 5 3/4 10% MOTOROLA APRIL '99 80 CALLS 21 1/16 21 5/16 9 PFIZER APRIL '99 145 CALLS 5 3/8 5 3/4 7 PHILIP MORRIS APRIL '99 35 CALLS 1 1/16 1 1/4 18 DATA: BLOOMBERG FINANCIAL MARKETS


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The American Stock Exchange: Scandal on Wall Street

COVER IMAGE: Scandal on Wall Street

Price-Fixing, the Amex Way

TABLE: How the Two-Tier System Hurts the Public

A Double Life at Spear Leeds?

Did a Specialist Break the Rules?

The Flaws in Self-Policing

The Gadfly of Trinity Place

ONLINE ORIGINAL: Why More Investors See Options as a Necessity



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