Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (36256)	7/15/1998 6:25:00 PM
From: Knighty Tin	Respond to of 53903

Chris, The 116s are a strike price on the bond futures. They are options on futures on 30 years bonds. You find them listed under Chicago Board of Trade Treasury Bonds in the futures section. The main negative about them is that each futures contract represents a $100,000 bond. Ditto for the options. The MidAm Exchange has a $50,000 mini futures contract, but no options, so 100K is the amount in play. And that makes the options sell for the $1000s of dollars instead of the $100s we see for stock options. MB