
So RIM lost the verdict! GREAT! Isn't anyone worried that we will soon be unable to use our Blackberrys? If they settle that will surely be some settlement!!!! Is it worth it? If it were me, I would probably just start a whole new company! The hell with the old burden!
But then all of the faithful users since the early 90's will be mighty disappointed and run to buy Treos! Dilemma...

On a happier note, i am trying to learn about Kumquats.. that little tree of golden oranges that are so tasty. We have one in the new house and i found a bunch of info on pruning, fertilizing and taking care of the sacred tree. As far as the grapefruit tree and orange tree, i better start harvesting their fruits to prevent a smaller production next season (or maybe that's a good thing) Because what am I going to do with all these citrus fruits? How many juices and sorbet can i make? I might look into canning, jams and putting them into syrup... it reminds me of the old days when refrigeration and transportation were lacking. Which somehow makes me think of how options got started.
Ancient Origins
Although it isn't known exactly when the first option contract traded, it is known that the Romans and Phoenicians used similar contracts in shipping. There is also evidence that Thales, a mathematician and philosopher in ancient Greece used options to secure a low price for olive presses in advance of the harvest. Thales had reason to believe the olive harvest would be particularly strong. During the off-season when demand for olive presses was almost non-existent, he acquired rights-at a very low cost-to use the presses the following spring. Later, when the olive harvest was in full-swing, Thales exercised his option and proceeded to rent the equipment to others at a much higher price.
In Holland, trading in tulip options blossomed during the early 1600s. At first, tulip dealers used call options to make sure they could secure a reasonable price to meet the demand. At the same time, tulip growers used put options to ensure an adequate selling price. However, it wasn't long before speculators joined the mix and traded the options for profit. Unfortunately, when the market crashed, many speculators failed to honor their agreements. The consequences for the economy were devastating. Not surprisingly, the situation in this unregulated market seriously tainted the view most people had of options. After a similar episode in London one hundred years later, options were even declared illegal.
Not unlike what happened in Holland and England, options came under heavy scrutiny after the Great Depression here in America. Although the Investment Act of 1934 legitimized options, it also put trading under the watchful eye of the newly formed Securities and Exchange Commission (SEC).

It wasn't until 1973 that the options trading world opened by The Chicago Board Options Exchange (CBOE) where option volume gradually continued to grow. By the end of 1974, average daily volume exceeded 200,000 contracts.
And here we are now where volume is in millions!







