Abstract
cabinet bid. A facility in a TRADED OPTIONS market whereby, when no tangible value applies to a deep OUT-OF-THE-MONEY OPTION, the holder may dispose of contracts to a market maker at a nominal price per contract (of 1p in the United Kingdom).
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© 1985 Stuart Valentine
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Valentine, S. (1985). C. In: International Dictionary of the Securities Industry. Palgrave, London. https://doi.org/10.1007/978-1-349-17889-6_3
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DOI: https://doi.org/10.1007/978-1-349-17889-6_3
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-38241-7
Online ISBN: 978-1-349-17889-6
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