There was no options market in the US markets from 1934-1970 for a good reason.
and before 1934 many participants didn't honor their options contracts..meaning they don't pay up. if you win. on puts or calls. and not settled. the risk was counter party risk of the other party didn't pay up.
why no options market from 1934-1970 cause it was BANNED.
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and before 1934 many participants didn't honor their options contracts..meaning they don't pay up. if you win. on puts or calls. and not settled. the risk was counter party risk of the other party didn't pay up.
why no options market from 1934-1970 cause it was BANNED.
.