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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-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 27, 2009: 05:31 PM

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