The Use Of Options

The Use Of Options
I can remember when I testified before the Senate Finance Committee in 1934. I was, of course, younger and less experienced, but I had been in the option business for fifteen years at that time and, although the business then was different from what it is now, I knew it well. I had already appeared before Congressman Sam Rayburn’s committee in the House and now I had been selected by the Put and Call Brokers and Dealers Association to represent the industry before the Senate.