Word: option
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...buyer of such an option gets the right to buy 100 shares of a stock at a prefixed price, called the "striking price," at any time during a specified period -on the C.B.O.E., three, six or nine months. For that right he pays a "premium" of somewhere between 5% and 20% of the striking price, plus a commission...
Last week, for example, an investor putting up $250 could have bought on the C.B.O.E. an option to purchase 100 shares of Polaroid at $40 a share any time before Jan. 31. Polaroid was then selling at $37.50. If by the end of January it were to rise to, say, $45, the option buyer could buy the stock itself at $40, sell immediately at $45, and make $500 on 100 shares; subtracting the $250 he had paid for the option would still leave a profit of $250, less commissions, in less than three months. Alternatively, if he did not want...
...course, if the market price of Polaroid stock remained under $40, the option eventually would become worthless -but even if he let the option expire unused, the investor would lose only his initial $250. More likely, he would resell the option before its expiration date at a price lower than $250, to someone who was still betting on a rise in Polaroid. The vast majority of options are never exercised, and the average option buyer holds onto his contract only for about a month. The stock covered by options is held mostly by institutions or wealthy individual investors who sell...
...most part the development potential of each proposition balances out. But there are crucial points in favor of the UMass option. The people in Dorchester have recently shown a much stronger sentiment for building the memorial on Columbia Point than the residents of Cambridge or Charlestown...
...workers and the UFW has won 46 covering about 6000 workers. Including elections where only one union and the no union alternatives were on the ballot, the Teamsters have 96 wins covering about 12,000 workers and the UFW has 154 covering about 14,000 workers. The no union option was the winner at 13 ranches employing about 1600 workers. Elections at 36 ranches where about 8500 farmworkers have voted remain challenged while the CALRB tries to settle disputes over allegedly invalid ballots...