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An option is a contract that says
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you can buy so many shares of a company.
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The options have been traded for several decades,
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starting with the Chicago Board Options Exchange.
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But now there are many options exchanges.
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We have prices of options that change minute by minute.
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Now what do these changes and these prices mean?
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The options are a very useful technology
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for managing risks and
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I think that we'll see a rapid--Over the next few decades,
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we'll see rapid expansion in the scope of
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options contracts traded on the exchanges.