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Glossary > C > "Cabinet bid" Definition

Cabinet bid

A cabinet bid, which is a facility enabling holders of deep out-of-the-money options to close their positions at a nominal Ј1 per contract.

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Cabinet bid - A cabinet bid, which is a facility enabling holders of deep out-of-the-money options to close their positions at a nominal Ј1 per contract.

Cabinet bid : a cabinet bid, which is a facility enabling holders of deep out-of-the-money options to close their positions at a nominal Ј1 per contract.