The Chicago Board Options Exchange (CBOE) announced that a CBOE membership, or seat, traded Wednesday, December 6th, for $1,775,000, a new all-time high at CBOE. And yesterday, a seat was sold for $1,750,000. Both seat sales topped the previous record-setting price of $1,700,000 on December 1, 2006.
ear-to-date, CBOE seat prices have risen 103% from the first sale of the year on January 5th for $875,000. Through this morning, a total of 108 CBOE seats have traded so far this year, with 17 trading for $1.5 million or more.
CBOE's Membership Department facilitates the purchase and sale of seats using an auction method in which bids and offers are submitted to the Exchange. When a bid matches an offer, a sale is made.
CBOE, the largest options marketplace in the U.S. 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: www.cboe.com.
