Patents Assigned to Option
  • Patent number: 7401046
    Abstract: The present invention provides a method of displaying option market information including establishing a communication link between a member computer and a central computer, accessing option trading data from the central computer through the member computer, and inputting at least one signal to the member computer. The signal represents either an underlying asset symbol or an option class symbol of an underlying asset. The method further includes generating a display page listing option trading information for a plurality of option series relating to at least one of the entered underlying asset symbol and the entered option class symbol, and displaying the plurality of option series on the display page such that the option series having a strike price approximately equal to the current trading price of the underlying asset is centrally positioned on the display page.
    Type: Grant
    Filed: July 25, 2001
    Date of Patent: July 15, 2008
    Assignee: Chicago Board Options Exchange
    Inventors: Michael Hollerman, Joseph Hernandez, J. Brad Peek, Rajesh Aery, Hua Chen, Susan DiMagno
  • Publication number: 20080120217
    Abstract: Disclosed is a system and method for calculating an intra-period volatility of a security. The system includes a means for collecting tick or selected time interval data from a data source, an interface or storage means for collecting or retrieving assumptions and variables used in the determination, and a processor programmed to perform iterative processes to determine the intra-period volatility and perform uses thereof. The steps of the method include receiving tick or selected time interval data from a data source, retrieving or inputting a set of assumptions for use in the calculations, simulating entering into a spread of options, and iteratively adjusting a variable in a pricing model to produce an intra-period volatility. The method may also include using the intra-period volatility in variety of option-related activities.
    Type: Application
    Filed: January 24, 2008
    Publication date: May 22, 2008
    Applicant: OPTION RESEARCH AND TECHNOLOGY SERVICES, LLC
    Inventors: Matt Amberson, Brian Pierce
  • Patent number: 7356498
    Abstract: An automated trading exchange having integrated quote risk monitoring and quote modification services. An apparatus is implemented using at least one computer, having memory, and a processor. The computer is configured to receive orders and quotes, wherein specified ones of the quotes are contained in a quote group, and have associated trading parameters such as a risk threshold. Not all received quotes are required to have trading parameters as described herein. Preferably, the quote group contains all the quotes, or a subset of quotes, belonging to an individual market-maker for a given class of options contracts, or possibly the quotes of two or more market-makers that have identified themselves as belonging to a group for the purposes of risk monitoring and quote modification. The computer typically generates a trade by matching the received orders and quotes to previously received orders and quotes, and otherwise stores each of the received orders and quotes if a trade is not generated.
    Type: Grant
    Filed: December 30, 1999
    Date of Patent: April 8, 2008
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventors: Ross G. Kaminsky, Richard A. Angell, Gordon D. Evora
  • Publication number: 20080072646
    Abstract: Welding equipment that includes a tooling cart for transferring interchangeable tooling modules to a welding machine. A latch is mounted to the welding machine for latching the tooling cart to the welding machine, and a latch is provided for latching the tooling modules onto the tooling cart. A two-piece tooling cart includes a removable upper section for securing tooling modules thereto and a reusable lower section for use with other tooling modules. A welding method permits operation of a welding machine using a user interface that permits modular programming of at least one operational sequence of welding machine valves and weld operations for a variety of different tooling modules. An operator inputs a new sequence of operations using the user interface rather than having to rewrite ladder logic just to switch over the welding machine to use with a different tooling module.
    Type: Application
    Filed: November 26, 2007
    Publication date: March 27, 2008
    Applicant: TEC-OPTION, INC.
    Inventor: Bryan Domschot
  • Patent number: 7349878
    Abstract: A Monte Carlo system and method are presented for the pricing of financial instruments such as derivative securities and for assisting a user in making an investment decision using the output of the system and method. A path-integral approach is described that relies upon the probability distribution of the complete histories of an underlying security. A Metropolis algorithm is used to generate samples of a probability distribution of the paths (histories) of the security. Complete information on the derivative security is obtained in a single simulation, including parameter sensitivities. Multiple values of parameters are also obtained in a single simulation. The method is applied in a plurality of systems, including a parallel computing environment and an online real-time valuation service. The method and system also have the capability of evaluation American options using Monte Carlo methods.
    Type: Grant
    Filed: May 9, 2000
    Date of Patent: March 25, 2008
    Assignee: Options Technology Company, Inc.
    Inventor: Miloje S. Makivic
  • Patent number: 7321872
    Abstract: A method of opening option trading in an automated exchange trading system. The system receives orders and quotes and matches the orders and quotes to generate trades. The method includes the step of accepting, during a first time period, quotes and orders associated with an option class. The first time period precedes the opening of trading. An opening value of an underlying security is received and opening prices for a number of option series in the option class are determined. Additional quotes and orders are received during a second time period and the opening prices are responsively updated. The second time period is terminated at a randomly selected time and opening rotations begin.
    Type: Grant
    Filed: October 30, 2000
    Date of Patent: January 22, 2008
    Assignee: Chicago Board Options Exchange
    Inventors: Ross G. Kaminsky, Gordon D. Evora
  • Patent number: 7311140
    Abstract: A net-shape molded heat sink is provided which includes a thermally conductive main body and a number of thermally conductive fins integrally connected to and emanating from the main body. The heat sink is formed by overmolding a carbon-carbon matrix core plate with a thermally conductive polymer composition that is filled with thermally conductive filler material. The molded heat sink is freely connecting through the part which makes it more efficient and has an optimal thermal configuration.
    Type: Grant
    Filed: November 5, 2002
    Date of Patent: December 25, 2007
    Assignee: Cool Options, Inc.
    Inventor: Kevin A. McCullough
  • Patent number: 7309845
    Abstract: Welding equipment that includes a tooling cart for transferring interchangeable tooling modules to a welding machine. A latch is mounted to the welding machine for latching the tooling cart to the welding machine, and a latch is provided for latching the tooling modules onto the tooling cart. A two-piece tooling cart includes a removable upper section for securing tooling modules thereto and a reusable lower section for use with other tooling modules. A welding method permits operation of a welding machine using a user interface that permits modular programming of at least one operational sequence of welding machine valves and weld operations for a variety of different tooling modules. An operator inputs a new sequence of operations using the user interface rather than having to rewrite ladder logic just to switch over the welding machine to use with a different tooling module.
    Type: Grant
    Filed: November 15, 2004
    Date of Patent: December 18, 2007
    Assignee: Tec-Option, Inc.
    Inventor: Bryan W. Domschot
  • Publication number: 20070274478
    Abstract: A remote station for a security system, a method of providing security and a security system incorporating at least one remote station. In one embodiment, the remote station includes: (1) a query unit configured to generate a query to a requestor regarding a reason for an attempt by said requestor to gain entry to particular premises and (2) a response recorder associated with said query unit and configured to receive a response to said query and cause said response to be stored.
    Type: Application
    Filed: May 2, 2006
    Publication date: November 29, 2007
    Applicant: Open Options, Incorporated
    Inventor: George Crawford
  • Patent number: 7301501
    Abstract: A telecommunications card for wireless telecommunication between a host device and one or more wireless networks The card comprises electronics for converting data into telecommunication signals and vice versa and a single antenna structure (2) comprising an antenna in the form of a flat radiation pattern (50) for transmitting and receiving said telecommunication signals. The radiation pattern (50) comprises a first portion (51) with a predetermined shape enabling transmission and receipt of telecommunication signals via a mobile telephone network and a second portion (52) with a predetermined shape enabling transmission and receipt of telecommunication signals via a wireless local area network.
    Type: Grant
    Filed: October 12, 2004
    Date of Patent: November 27, 2007
    Assignee: Option
    Inventors: Chris De Vos, Jan Wijnen, Thomas Stevens
  • Publication number: 20070264513
    Abstract: A method is provided for forming a feedstock material for use in net shape molded component that includes an integral metallized coating or layer on the exterior surface thereof. The feedstock includes a carefully matched mixture of polymer resin and a metallic alloy that is suitable for use in a molding method that includes melting and injecting the material into a mold cavity under pressure. Due to the differential in material viscosities, the metal tends to migrate to the outer surface of the molded part when placed under pressure, ultimately creating a net shape molded part having a polymer core with a metallic layer at the exterior surfaces thereof.
    Type: Application
    Filed: July 24, 2007
    Publication date: November 15, 2007
    Applicant: COOL OPTIONS, INC.
    Inventor: Kevin McCullough
  • Patent number: 7235918
    Abstract: A thermally-conductive polymer composition suitable for making molded reflector articles having light-reflecting surfaces is provided. The composition comprises: a) about 20% to about 80% by weight of a base polymer matrix such as polycarbonate; and b) about 20% to about 80% by weight of a thermally-conductive carbon material such as graphite. The composition can be used to make reflector articles such as housings for automotive tail lamps, head lamps, and other lighting fixtures. A method for manufacturing reflector articles is also provided.
    Type: Grant
    Filed: June 11, 2003
    Date of Patent: June 26, 2007
    Assignee: Cool Options, Inc.
    Inventors: Kevin McCullough, James Miller, E. Mikhail Sagal
  • Publication number: 20070125274
    Abstract: A thermally conductive grout for geothermal heat pump systems is disclosed. Preferably, the grout includes graphite and/or natural graphite as a thermally conductive additive in a cementitious base to achieve a composition having a thermal conductivity greater than 4 W/mK.
    Type: Application
    Filed: November 30, 2006
    Publication date: June 7, 2007
    Applicant: COOL OPTIONS, INC.
    Inventor: James Miller
  • Patent number: 7217249
    Abstract: A brace for supporting the knee of the wearer. The brace has an adjustable support mechanism for accommodating a variety of leg shapes. The hinge portion of the brace is adjustable so that there is proper balanced support on opposite sides of the knee. Furthermore, the brace is universal in applicability and may be used on either the right or left leg.
    Type: Grant
    Filed: February 27, 2003
    Date of Patent: May 15, 2007
    Assignee: New Options Sports
    Inventor: John Scott
  • Publication number: 20070088643
    Abstract: The instant invention facilitates home purchasing for parties that desire a lease-to-own option for a home purchase. The instant invention provides the Future Home Buyer the choice to buy the home of their choice on the open market by entering into a lease option agreement via the operation of the instant invention.
    Type: Application
    Filed: October 12, 2006
    Publication date: April 19, 2007
    Applicant: Home Option, Inc.
    Inventor: Warren Doi
  • Publication number: 20070080162
    Abstract: A method of making a net-shape molded article for use with food processing and food contact is disclosed. The article is made from a molten resin including a polypropylene base matrix loaded with a thermally conductive filler such that the molten resin has a thermal conductivity between about 1.0 W/mK and about 20 W/mK when fully set. The molten resin is formed into an article, such as a food tray, using injection molding techniques. Preferably, the thermally conductive material includes hexagonal boron nitride and natural graphite.
    Type: Application
    Filed: October 11, 2006
    Publication date: April 12, 2007
    Applicant: COOL OPTIONS, INC.
    Inventor: James Miller
  • Publication number: 20070073605
    Abstract: A method for trading non financial options in a virtual marketplace, including an option seller that provides for trading an option in respect of product or service. The option is associated with option price and option terms including option expiration date. An option buyer provides a buying price. There is further provided the step of calculating option trading, including transferring option ownership to the buyer if the following conditions are met: (i) verifying at least the seller, the buyer and the option, (ii) determining that if the option price matches said buying price, and charging the buyer with an option price.
    Type: Application
    Filed: September 27, 2005
    Publication date: March 29, 2007
    Applicant: Via Option Ltd.
    Inventors: Itai Kohavi, Yoah Bar-David
  • Publication number: 20070045823
    Abstract: A composition and method for die-level packaging of microelectronics is disclosed. The composition includes about 20% to about 80% of a thermoplastic base matrix; about 20% to about 70% of a non-metallic, thermally conductive material such that the composition has a coefficient of thermal expansion of less than 20 ppm/C and a thermal conductivity of greater than 1.0 W/mK. Using injection molding techniques, the composition can be molten and then injected into a die containing the microelectronics to encapsulate the microelectronics therein.
    Type: Application
    Filed: August 25, 2006
    Publication date: March 1, 2007
    Applicant: COOL OPTIONS, INC.
    Inventor: James Miller
  • Publication number: 20070012762
    Abstract: A method for accessing a smart card (SIM) from a host device (TE), the smart card being connected to the host device (TE) via a telecommunications card (MT), the telecommunications card (MT) comprising a command interpreter (TA) for interpreting host device commands and a modem (ME) with associated smart card reader for enabling said telecommunication and user identification, the modem (ME) being only accessible to the host device via the command interpreter (TA), the method comprising the steps of: (a) providing an access command (AT+CSIM) on the host device, said access command instructing the command interpreter (TA) to pass on any attached command originating from the host device (TE) to the smart card reader; (b) attaching an application command (APDU) to said access command (AT+CSIM) and forwarding both to the command interpreter (TA); (c) performing said application command (APDU) on the smart card reader; (d) storing a response given by the smart card (SIM) to said application command in a first buffe
    Type: Application
    Filed: June 28, 2006
    Publication date: January 18, 2007
    Applicant: OPTION
    Inventors: Geert Van Overbeke, Jan Heylen, Jan Vercruysse
  • Patent number: 7137565
    Abstract: A method for accessing a smart card (SIM) from a host device (TE) via a telecommunications card (MT), the telecommunications card (MT) comprising a command interpreter (TA) for interpreting host device commands and a modem (ME) with associated smart card reader, the modem (ME) being only accessible to the host device via the command interpreter (TA), the method comprising the steps of: (a) providing an access command (AT+CSIM) on the host device, instructing the command interpreter (TA) to pass on any attached command originating from the host device (TE) to the smart card reader; (b) attaching an application command (APDU) to the access command (AT+CSIM) and forwarding both to the command interpreter (TA); (c) performing the application command (APDU) on the smart card reader; (d) storing a response given by the smart card (SIM) in a first buffer which is accessible towards the host device (TE).
    Type: Grant
    Filed: October 12, 2004
    Date of Patent: November 21, 2006
    Assignee: Option
    Inventors: Geert Van Overbeke, Jan Heylen, Jan Vercruysse