Although it is not known how long the first time Options contracts are traded, but estimated the mathematician and philosopher since ancient Roman and Greek had been using the same method as Options contracts.

The mathematician and philosopher is now confident of the prospects that the fruit of Olives (olive) as the future will be very good, so use the Options to anticipate future prices. When off-season, where the demand for olive nothing, they earn the right with a very low price and then waited for the demand was much higher, so prices go up once, so those who have the right to buy at lower prices earlier agreements, exercising its right to get the fold double.

In the Netherlands in the early 1660an, Options contracts trade for Tulip flowers begin to develop. At first Tulip florists using the Call Options (Right Sell) to ensure reasonable prices to meet the demand. At the same time, the farmers Tulip flower use Put Options (Sell Rights) to ensure an adequate selling price.

But Options contracts trade in the Netherlands did not last long after the speculators then joined Options contracts traded for profit. When market prices are falling, a lot of speculators, speculators are not able to meet their obligations, thus making the economy destroyed at that time. Not surprisingly, in a situation or a market with no regulation at that time, the speculators have polluted the interests of the parties concerned or really interested in the Options contracts, namely the farmers and flower vendors more or less Tulip.Kejadian similar as in the Netherlands, repeated in England about 100 years later since the incident in the Netherlands.

In America Options contracts trade in the first time there, not long after the stock trading. In the early 19th century, Contract Options (Call Options or Put Options) is known as the Privileges (Privileges), but not traded on exchanges.

Because of the various agreements that can be made, then when it just depends on the buyer and seller who have agreed to find each other.

Then followed by the companies that began offering a more specific through advertisements in newspapers.

Unlike what happened in the Netherlands and the UK earlier times, Options in the U.S. specifically formulated with studies of serious and careful. Although already established by the Investment Act in 1934, established a special agency to oversee trade with the name of Securities & Exchange Commission (SEC).

At first, relatively slow development of Options. As the year 1968 alone the number of contracts traded no more than 300 thousand contracts, because it was investors doing deals (agreements) over the phone, while on the one hand they are hard to find out what’s happening in the market at that time and other constraints.

Is, Joseph W. Sullivan, Vice President of the Planning Section at the Chicago Board of Trade (CBOT) at the time, who first studied the possibilities for diversifying the Options market. He counted from two aspects of a fair chance for both sides in various situations and market Is, Joseph W. Sullivan, Vice President of the Planning Section at the Chicago Board of Trade (CBOT) at the time, who first studied the possibilities for diversifying the Options market. He counted from two aspects of a fair chance for both sides in various situations and market conditions (market) that can occur.

Then he concluded that there are two key elements are missing or do not exist. He realized that the elements that affect the price of Options is comprised of many variables or factors do not remain. Then formulated standard contract price of each contract (strike price), when the contract expires Options (Expired Date), size (Size) is now general, we know for 100 sheets 1 of each contract, Options, and other elements relevant . The most important thing is, he recommends or ciptaaannya introduced as the official mediator of the existing contract, and ensure penyelesaiaannya (Settlement), which today is known as Options Clearing House.

Options dealer to replace the former only as an intermediary between buyers and sellers, founded CBOT Chicago Board Options Exchange (CBOE) and began memperdagankan Call Options on 16 shares on April 26, 1973. On the first day of the transaction for 911 contracts and then rocketed to 200,000 contracts over the next year.

Then the banks and insurance companies put into their portfolios Options, Options to make progress more rapidly growing, until the end of 1974 alone, the average number of contracts traded Options has reached an average 200,000 contracts per day.

Find more about options history at belajar options trading and soal tes cpns in Indonesia Language.

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