A significant new development in the options markets
TD Ameritrade has informed me that before the start of the second quarter, the options exchanges will start to offer mini contracts involving just 10 shares of stock as well as the usual full contracts involving 100 shares.
This is very good for would be buyers of high-priced stocks such as GOOG, AAPL and PCLN. They no longer have to pony up 50K or 60K to be able to sell covered calls against their holdings.
Sentiment: Hold