What is an “Option”?
An option is a contract to buy or sell a specific financial product officially known as the option’s underlying instrument or underlying interest.
It establishes a specific price, called the strike price, at which the contract may be exercised, or acted on.
It has an expiration date. When an option expires, it no longer […]
Tags: Options 101
Citigroup (C), a large money center bank, today said it has received $7.5 billion from Abu Dhabi Investment Authority in exchange for convertible bonds that yield 11 percent. Citigroup will use the proceeds to help rebuild its capital structure.
Citigroup is down 43 percent from its late May 2007 high (chart). The company has taken billion […]
Tags: Uncategorized
