He was trading options at the time and much of his analytics involved volatility.

But in the first qurter of 2004, the Company made losses trading options.

Of the 505 seats on the Philadelphia exchange, 400 give the holder the right to trade options.

It was simply a matter of setting up a desk to trade options and hiring some people locally.

This should encourage the holders to reduce risk by selling exchange traded call options.

Another group of businessmen with a $1,200 pool have been trading options on various contestants.

Equivalence of calls and puts is very important when trading options.

Most of the value in an Amex seat comes from the right to trade options, not stocks.

Alternatively, the bank might trade options on the stock.

Analysts and traders could no longer trade options on stocks they covered, the memo said.