History of Options
Options appear to have made their debut in what were referred to as "Bucket Shop". The bucket shop in 1920s was made famous by a man named Jesse Livermore. He speculated on price movements of stocks that he did not own but was predicting their future prices. At the start of his career, he was basically a bookie, taking the opposite side of anyone who thought a particular stock may increase or decrease in price. If someone came to him expecting the stock was going to go up, he would take the other side of the trade. Jesse Livermore's is recognized as one of the greatest traders in history.
This may surprise many, who thought stock options were created by Wall Street. The Chicago Board Options Exchange (CBOE) the largest market for stock options basically evolved from early market individuals like Jesse Livermore.
U.S. Government Required Disclaimer - Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website.