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assume yes, there is usually a delay after the IPO, teh trading of the stock has to meet the listed exchanges conditions.

For a straight IPO, "it depends on how quickly the company meets trading volume and other criteria." As for market makers, "they don't decide when options start trading. Each exchange has a process to decide the stock selection. We here at the Amex have a committee of floor members and trading desks; we go through the universe of eligible companies there are lots of them and decide whether we should trade them. Though there are plenty of choices, lots of stocks don't trade actively, so it's difficult to make a deep, active options market for them."
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