THE PUT &CALL MARKET
120 BROADWAY, NEW YORK 5, N. Y. BArclay 7-6100
All contracts are endorsed by Members Firms of the New York Stock Exchange
The following quotations are on the issues that are most active in the Option Market
Other Quotations May Be Had On Request
|
Price for |
Price for |
Price for |
Price for |
|
90 day |
90 day |
6 mos. |
6 mos. |
|
Put at Market |
Call at Market |
Put at Market |
Call at Market |
|
American Cyanamid |
$425.00 |
$475.00 |
$550.00 |
$675.00 |
|
Am. Smelt. & Ref. |
400.00 |
450.00 |
525.00 |
650.00 |
|
Anaconda |
450.00 |
525.00 |
675.00 |
750.00 |
|
Atchison, T. & S. F. |
225.00 |
275.00 |
300.00 |
350.00 |
|
Amer. Tel. & Tel. WI |
475.00 |
550.00 |
700.00 |
850.00 |
|
Bethlehem Steel |
350.00 |
425.00 |
475.00 |
550.00 |
|
Bait. & Ohio |
300.00 |
350.00 |
450.00 |
525.00 |
|
Case, J. I., Co. |
225.00 |
275.00 |
325.00 |
400.00 |
|
Celanese Corp. |
275.00 |
325.00 |
375.00 |
450.00 |
|
Chrysler Corp. |
450.00 |
550.00 |
650.00 |
800.00 |
|
Crucible Steel |
275.00 |
325.00 |
375.00 |
425.00 |
|
Deere |
475.00 |
550.00 |
600.00 |
725.00 |
|
Douglas Aircraft |
425.00 |
475.00 |
650.00 |
700.00 |
|
General Electric |
500.00 |
600.00 |
750.00 |
850.00 |
|
Goodrich, B. F., Co. |
700.00 |
750.00 |
850.00 |
1000.00 |
|
Goodyear T. & R. Co. |
750.00 |
800.00 |
1000.00 |
1300.00 |
|
Hertz |
375.00 |
450.00 |
550.00 |
625.00 |
|
Illinois Central |
350.00 |
400.00 |
475.00 |
550.00 |
|
Inter'l Nickel |
500.00 |
525.00 |
725.00 |
825.00 |
|
Inter'l Paper |
700.00 |
800.00 |
1000.00 |
1200.00 |
|
Inter'l Tel. & Tel. |
350.00 |
400.00 |
475.00 |
575.00 |
|
Jones & Laughlin |
475.00 |
525.00 |
625.00 |
725.00 |
|
Kennecott Copper |
650.00 |
700.00 |
825.00 |
975.00 |
|
Martin |
475.00 |
525.00 |
700.00 |
825.00 |
|
Montgomery Ward |
300.00 |
350.00 |
425.00 |
475.00 |
|
N. Y. Central |
250.00 |
300.00 |
350.00 |
425.00 |
|
Northern Pacific |
375.00 |
425.00 |
500.00 |
575.00 |
|
Pennsylvania R.R. |
225.00 |
250.00 |
275.00 |
325.00 |
|
Richfield Oil |
700.00 |
775.00 |
950.00 |
1050.00 |
|
Republic Steel |
450.00 |
500.00 |
650.00 |
700.00 |
|
Schenley Ind. |
300.00 |
350.00 |
400.00 |
500.00 |
|
Southern Pacific |
500.00 |
525.00 |
650.00 |
725.00 |
|
Southern Railway |
350.00 |
400.00 |
525.00 |
600.00 |
|
S. 0. of Calif. |
350.00 |
400.00 |
525.00 |
600.00 |
|
S. 0. Co. of N. J. |
375.00 |
425.00 |
550.00 |
625.00 |
|
United Aircraft |
450.00 |
500.00 |
625.00 |
700.00 |
|
U. S. Rubber |
450.00 |
525.00 |
650.00 |
725.00 |
|
U. S. Steel |
500.00 |
550.00 |
750.00 |
825.00 |
|
Western Union |
300.00 |
350.00 |
475.00 |
550.00 |
|
Westinghouse Elec. |
500.00 |
650.00 |
800.00 |
900.00 |
|
Youngstown S. & T. |
700.00 |
800.00 |
1000.00 |
1100.00 |
Orders for these or other contracts can be placed directly with us
or through your Stock Exchange Broker by SPECIFYING
"BUY FROM FILER, SCHMIDT & CO."
State and Federal tax must be added to the cost of call options.
NO TAX ON PUT OPTIONS.
Quotations Subject To Change Without Notice.
The options described above are facsimiles of the contracts used by members of the Put and Call Brokers and Dealers Association, Inc., of New York. They are bearer transferable contracts endorsed or guaran­teed by member firms of the New York Stock Exchange and can be sold or transferred at will, like checks. The law requires that New York state and federal tax stamps be affixed to Call options but not to Put options; stamps so affixed are the same as if the stock in question had been sold in the market. The tax is based on the selling price of the stock, but is never more than $12.00 for the combined federal and state tax per each 100-share Call. The New York state tax is as follows:
On stocks-
under $5, the tax is $1, to be affixed to each 100-share
Call contract;
$5 and over but under $10, the tax is $2, to be affixed
to each 100-share Call contract; $10 and over but under $20, the tax is $3, to be affixed
to each 100-share Call contract;
on $20 and over, the tax is $4, to be affixed to each
100-share Call contract.
The federal tax is based on the dollar value of the stock specified as follows in the Call contract for each 100-share Call:
Federal Tax $.04 per $100 value $.04 any fraction above ½
as an example:
(.04/100.00 of $4000.00)
$40.00 STOCK = $1.60
40 ½ " = 1.60
405/8 " = 1.64
50 ½ " = 2.00
505/8 " = 2.04
The maximum federal tax is $8.
The combined maximum federal and state tax is $12 per 100-share Call.
Holidays
Options are never made to expire on a known holiday. The contract will be made to expire on the next business day after the holiday.
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