The Chicago Board Options Exchange (CBOE) reported that, in un-related transactions, two seats traded yesterday, January 11th at a record high price of $1.9 million, breaking the previous record of $1,800,000 established on January 10th. Three CBOE seats, or memberships, have traded since the first of the year.
During 2006, the highest price paid for a CBOE seat was $1,775,000 on December 6th. The lowest price paid was $850,000 on January 30, 2006, and the last sale of the year was on December 27th for $1,750,000.
CBOE's Membership Department facilitates the purchase and sale of seats using an auction method in which bids and offers from interested parties are submitted to the Exchange. When a bid matches an offer, a sale is made.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: http://www.cboe.com/.
