History of Options : Free Trials Options Call Put SMS 071316456453

History of Options Trading…: Options trading has been form of trading since early 16^th Century. Romans and Phoenicians used option trading for their shipping sector. Other view is that a famous mathematician and philosopher Thales used Option trading to invest in lower price of olive presses before the harvest season. In the off season olive presses were used at a cheap rates and when demand increased during the harvest season Thales rented Olive press on a very high rates

In Holland option Trading was practiced in 1600s and 100 years later in London. But unfortunately due to the joining of speculators who traded options for profits only, both economies crashed and at one time option trading was even declared as an illegal form of trading. 
History shows that in early 19th century America started doing business in option trading and only after the evolution of options trading in America this type of trading embossed its marks and was regarded as a legal form of trading all over the world

In 1973, the modern financial options market came into existence. The Chicago Board of Trade (CBOT) opened the Chicago Board Options Exchange (CBOE).

The CBOE instituted a new "exchange traded options contract". This contract was standardized in its terms and conditions. An options buyer and seller no longer had to sit down and negotiate terms of the contract every time he or she sought to buy an option. Thus, the CBOE could publish quoted options prices for the first time, and could establish a market maker system to make sure that there was a secondary or resell market for options.

At the same time, the Options Clearing Corporation was formed to make sure that the contract would be honoured by all members. Lastly, the whole process came under the regulatory control of the Securities and Exchange Commission.

Thus, the trading of the modern option, "exchange traded options contract" had begun. On the first day, April 26, 1973,  911 contracts were traded...

In the next article we will discuss about what is Options and Option’s Trading…

Free Trials and Free Tips in Options SMS/CALL  Pace 0731 6456453