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The first trading in puts and calls began in Europe and in the United States as early as the eighteenth century.
In April 1973 the Chicago Board of Trade set up a new exchange, named the Chicago Board Option Exchange, especially for the purpose of trading options. Since then Option market become increasingly popular with investors. The American Stock Exchange and the Philadelphia Stock Exchange began trading option in 1975. The Pacific Exchange did the same in 1976. By the early 1980s the volume of trading had grown so rapidly that the number of shares underlying the Option contracts traded each day exceeded the daily volume of shares traded on the New York Stock Exchange...
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Common topics in this essay:
- A Comparison Of Options, Restricted Stock, And Cash For Employee Compensation
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