ABSTRACT
My commencement was most flattering. I not only was right in my speculations, but I was enabled to pocket the profit. It so happened, that those with whom I ‘did business,’ through several accounts, paid their differences. In a very short time, I became acquainted with all the schemes, and with the language of the place, and could talk most fluently of contangos, and backwardations. I was continually engaged in options, puts, and calls. Selling or buying five for the put, or call, 162 or as many more, grew to me as familiar as A, B, C.
