Options on Rick’s Cabaret International, Inc. (NASDAQ: RICK) common stock have begun trading on the Chicago Board Options Exchange (CBOE).
“This is exceptionally good news for our company and for our shareholders as CBOE options trading extends the investment opportunities in our stock,” said Eric Langan, President and CEO of Rick’s Cabaret. “It is another mark of our progress, along with our advancement to the NASDAQ Global Market and our inclusion in the Russell 2000,” he added.
The CBOE offers a platform for investors who anticipate a directional movement in the price of a stock. Its put and call options provide the right to buy or sell that stock at a predetermined price, for a specific duration of time.
Since CBOE founded the listed options business in 1973 it has been the leader in options volume. In 2007, CBOE options contract volume reached an all-time record of 944,471,924 contracts, up 40% over the previous year.
CBOE, the largest U.S. options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: www.cboe.com.
