I do not understand how QQQ options work. Exactly how are they priced? Can you please explain. (December 18, 2000)

  The QQQ is traded on the American Exchange and it is an index option on the Nasdaq 100, the top 100 technology stocks weighted by market cap. Unlike other options, the QQQ strikes are in $1 increments. They are priced by market makers as are any options.

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