In 1998, 1.3 million option contracts traded on average each day.
One option contract, which covers 100 shares, would cost $280.
He said each options contract would be valued at the level of the Dow, or around $7,200 now.
The option contracts are originated from the product and stock exchange.
A simple example would be a five-year bond tied together with an option contract.
The option contract provides an important role in unilateral contracts.
The value of such options contracts are notoriously hard to pin down.
An option contract can provide some security to the promisee in the above scenario.
Last year, their share dropped to just 22 percent, as many traders have turned to financial futures and options contracts.
It is developed based on financial options contracts and adopted to individual real estate assets.
