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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (27810)	3/4/2005 4:45:54 PM
From: benwood	Respond to of 110194

Looks like it should be a Twinkie factory <g>

To: Knighty Tin who wrote (27810)	3/6/2005 3:54:24 PM
From: ild	Read Replies (1) \| Respond to of 110194

FANCY A QUICKIE? The Chicago Board Options Exchange thinks you might, and plans to introduce options of a type so fleeting in duration that they are dubbed "quickies." Most listed stock-market options today trade for months and years before they eventually expire. Quickies, however, will cease to exist a week after they come into being, and could give traders a more accessible tool for making short-term bets on stocks. The CBOE's proposal is outlined in a recent filing before the Securities and Exchange Commission, and exchange officials say they hope to begin trading one-week options as soon as next quarter. The International Securities Exchange also is preparing its own proposal, and if one-week options pass regulatory muster, rival markets will quickly crowd the quickie field. Under the CBOE's proposed pilot program, one-week options will begin trading on a Friday and expire the following Friday afternoon. For a start, about five cash-settled options will be listed -- likely those tied to broad-market benchmarks or very liquid stocks. Each option will feature only a very small number of near-the-money strike prices to keep things simple, and to avoid spawning so much quote traffic as to strain capacity. "Also, limiting the term of the pilot program to a period of one year will allow the exchange and the commission to determine whether [these] should be extended, expanded or made permanent," the CBOE said. more... online.barrons.com