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Nasdaq's $652 million call option

Stock options have been a hot property. Since 2003, the market has grown 30% per year. Then again, options are a great way to manage volatility, or juice up a portfolio.

Well, NASDAQ wants a piece of the action. As a result, the firm has agreed to shell out $652 million for the Philadelphia Stock Exchange (PHLX).

True, the PHLX seems like a throwback. Hey, it was founded in 1790 and is actually older then the NYSE (NYSE: NYX).

Continue reading Nasdaq's $652 million call option

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 03:10 AM

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