mistake apparently...seeking comment from ecx...and from you good folks...my way please...this news list is meant to be a two-way street (those of you who are one-wayers)
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Mathew Carr, emissions markets, energy reporter. London Bloomberg News ph +44 207 073 3531 yahoo ID carr_mathew
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ECX 100-Euro CO2 Call Options Settle Higher Than 35-Euro Calls
2010-09-10 09:04:21.200 GMT
By Mathew Carr
Sept. 10 (Bloomberg) -- Intercontinental Exchange Inc.'s
European Climate Exchange said call options for European Union
carbon-dioxide allowances with a strike price of 100 euros were
more expensive than equivalent options to buy at 35 euros.
A call option for the December 2012 carbon future carrying
a strike price of 100 euros settled yesterday at 81 euro cents
($1.27) a metric ton, according to the ECX website. A call
option gives the right to purchase a security at a set price.
The underlying price of the December 2012 future was 16.30 euros
a ton yesterday.
A call with a strike of 35 euros, much closer to the market
price, was less expensive, at 68 cents, ECX said.
For Related News and Information:
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Emissions-trading stories: NI ENVMARKET BN <GO>
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European power-markets home page: EPWR <GO>
--Editors: Mike Anderson, John Buckley.
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss on +44-20-7073-3520 or sev@bloomberg.net
