Quote:
Originally Posted by davew
did they have many options 50 years ago? Is it worth $10 if you are interested in trading?
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I don’t remember it as a “how to” book. It was about the tremendous leverage put and call options offered.
They did not have listed, exchange traded options then as we have today. “Writers” would write them for you, sort of like booking the bet, for a premium.
I would scan the NYT Sunday edition for ads that had them for sale. There were quite a few ads.
About thirty-years ago (from memory) the SEC allowed a test market on CALLS only, and only on 10 hi cap stocks. It took and interminably long time before they added 10 PUTS.
Today's, efficient, low cost, point and click, instant executions, put Vegas to shame. The absolute best gamble in the world. Minimum risk with lottery-like rewards.