In effect, executives and employees were given a call option on the markets by the banking system.
Often, when a trader short sells a stock, he will purchase a call option on that same stock.
The theory views equity as a call option on a firm's assets.
It so happens that markets already provide this information, in the form of the premium of a call option on the company's share-price.
When you buy a mortgage-backed bond, you are in effect buying a straight bond and then giving away a call option to the homeowners.
But you can think of, say, a fiber-optic-equipment company as a call option on the possibility that its particular technology will beat out rival technologies.
In general, one buys a call option, or call, when the stock price is expected to rise, or sells a call when the stock price is expected to fall.
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But you are also getting a call option on the possibility that Viacom will sell a lot of premium services to its cable subscribers, using fiber-optic cable it has already laid in the ground.
In the case of the oil company, for instance, the cost of land corresponds to the premium (or down-payment) on a call option, and the extra investment needed to start production to its strike price (at which the option is exercised).
The idea is that you sell a foreign currency call option and use the proceeds of the sale to purchase a foreign currency call option in the same currency with the same counterparty and the same expiration date.
Right now SIRI represents simply a solid call option on the automobile industry.
The crumpled Gomez was subjected to a series of hits on the ropes, leaving the referee with no option but to call a halt to proceedings.
Using gold mines as an example, he said when you buy shares in the company, you also receive a free, long-term call option on gold.
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In either case, Mr Trimble had little option but to call a halt at this stage.
As with a short call, when you go short a put, you collect the premium on the option as a credit in your account.
For example, Verizon (VZ) currently yields 5.4% and selling a roughly at the money one-year call option yields another 7%.
As you can probably guess, it will let you speak search terms instead of typing them in, with it also giving you the option to press a button to call the business you're searching for.
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Ariad Pharmaceuticals (ARIA) is interesting, with a massive 183% stock move and an average call option return of 35%.
At the same time, Obama defended his call for a government-funded public health insurance option to compete against private insurers.
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In the case of the high-definition video disc war, Toshiba has been selling the less-expensive option and it can call upon a group of even lower-priced lesser-known brands that drove great volumes in the DVD market.
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Democrats call such claims fear-mongering and say a public option is the best way to bring competition to the market.
"Supp Publ Opt, " is another notation made during a call a few minutes later, shorthand for supporting the public option that Obama and most Democrats would prefer to compete with private insurers.
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You have basis in the call option that you bought, but your obligation under the call option that you wrote does not meet the definition of a liability.
An aggressive option play on this stock would be a December 12.50 call, while a more conservative trade would be a December or January 10 call.
During a 10-second window, the driver has the option to cancel the call, otherwise UVO eServices will dial 9-1-1, read the vehicle's location out loud to the emergency services operator and allow the operator to speak with the vehicle occupants.
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The way it worked this morning, aides said, is that they got up, had this conference call and they were looking for any option in which they could get a legal recount.
Writing skills, general management experience, technical and computer skills, people smarts, and international experience or language skills are examples of skills with what we call high option value -- that is, they are transferable to a wide range of possible options.
One solution would be to tax mobiles and Voip like any other sort of phone call, but the committee has also suggested the more radical option of a general tax on telecommunications, with the advantage that it will cover any future technologies too, instead of forcing the law to play catch-up every few years.
At the same time, they have attempted to draw the IAEA inspectors into protracted negotiations that would buy time to reach what the Israelis call the "zone of immunity" after which Israel no longer has a viable military option.
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Taking a closer look at this activity, we find that the weekly September 30, 15 strike call option is the most active, with more than 3, 500 contracts changing hands on open interest of just 733 contracts.
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