Patents Assigned to Option
  • Patent number: 8968371
    Abstract: Devices and systems for repairing bone fractures and more specifically a fracture repair plate that provides for fixation of a metaphysis to the diaphysis of a long bone, for instance a fracture between the proximal humerus and the diaphysis of the humerus. The fracture repair system includes an implantable repair fracture repair plate and a bone anchor for fixing the fracture repair plate to a bone. In one embodiment, the fracture repair plate may also be adapted to serve as an anchor for a suture. The fracture repair system may also include a fracture reduction mechanism attachable to the fracture repair plate for imparting a controlled translational movement between two bone segments along a plane that lies substantially parallel to the surface of the bone to which the fracture repair plate is attached and substantially parallel to the longitudinal axis of the bone shaft.
    Type: Grant
    Filed: June 26, 2013
    Date of Patent: March 3, 2015
    Assignee: Shoulder Options, Inc.
    Inventor: C. Scott Humphrey
  • Publication number: 20150039532
    Abstract: An improved volatility index and related futures contracts are provided. An index in accordance with the principals of the present invention estimates expected volatility from the prices of stock index options in a wide range of strike prices, not just at-the-money strikes. Also, an index in accordance with the principals of the present invention is not calculated from the Black/Scholes or any other option pricing model: the index of the present invention uses a newly developed formula to derive expected volatility by averaging the weighted prices of out-of-the money put and call options. In accordance with another aspect of the present invention, derivative contracts such as futures and options based on the volatility index of the present invention are provided.
    Type: Application
    Filed: March 10, 2014
    Publication date: February 5, 2015
    Applicant: Chicago Board Options Exchange, Incorporated
    Inventors: William M. Speth, Joseph Levin, Sandy Rattray, Devesh Shah, Timothy R. Klassen
  • Patent number: 8930260
    Abstract: A method and system for reserving future purchases of goods or services or events including plural electronic options with associated option fees for the goods or services or events. The plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services or events. The purchase of the electronic option is accepted according to electronic option terms established by the desired supplier. The option terms may vary greatly among the individual suppliers and no two suppliers may use the same option terms. The electronic options are displayed, viewed, purchased, and exercised from a client network device.
    Type: Grant
    Filed: March 11, 2013
    Date of Patent: January 6, 2015
    Assignee: Smart Options, LLC
    Inventors: Christian S. Pappas, Charles P. Brown
  • Publication number: 20140304134
    Abstract: Systems and methods for creating and disseminating a SKEW index based on a statistical property reflecting the skewness of an underlying asset and creating and trading derivative investment products based on the SKEW index are disclosed. In one aspect, a SKEW index associated with an underlying asset is calculated. The SKEW index is accessed and a SKEW derivative is created based on the SKEW index. Information associated width the SKEW derivative is then transmitted for display.
    Type: Application
    Filed: April 5, 2013
    Publication date: October 9, 2014
    Applicant: Chicago Board Options Exchange, Incorporated
    Inventor: Catherine T. Shalen
  • Patent number: 8853313
    Abstract: An injection moldable, thermally conductive polymer composition that has ultra low CTE properties is provided. The composition is suitable both for substrate applications in high precision electronics assemblies as well as over molding applications in conjunction with ceramic substrates. The composition includes a base polymer matrix material loaded with thermally conductive filler, which imparts thermal conductivity to the polymer matrix while also maintaining or enhancing the dielectric properties of the base polymer. The resultant composition exhibits CTE properties in the range of between 9 ppm/° C. and 2 ppm/° C., exhibits an optical anisotropy of below 1.5, and a thermal conductivity of greater than 2 W/m° K. The composition is suitable for use in over molding applications in conjunction with virtually any suitable electronics substrate material without the introduction of mechanical stresses produced by large CTE differentials.
    Type: Grant
    Filed: May 30, 2012
    Date of Patent: October 7, 2014
    Assignee: Cool Options, Inc.
    Inventor: James D Miller
  • Publication number: 20140289826
    Abstract: A secure communication session is established between a first endpoint and a second endpoint. The first endpoint can contact the second endpoint via a first communication network and via a second communication network. The first communication network is more trusted than the second communication network. The first endpoint determines that a secure communication session is required. A security association is established between the endpoints for the communication session on a connection via the first communication network. Service is received on a connection via the second communication network using the previously established security association. The step of establishing a security association can comprise authenticating the second endpoint and negotiating a shared secret and the step of receiving service on a connection via the second communication network can occur without any further negotiation of key material or authentication between the endpoints via the second communication network.
    Type: Application
    Filed: November 7, 2011
    Publication date: September 25, 2014
    Applicant: OPTION
    Inventor: Martin Tyrrel Croome
  • Publication number: 20140269862
    Abstract: A wireless antenna system for a terminal comprises an antenna structure and frontend ports for connecting to transmit and/or receive circuitry of the terminal. The antenna system is operable in a first radiation mode and a second radiation mode, wherein the modes are orthogonal. The circuitry is arranged to map the first feed port to the antenna structure for the first radiation mode across a first frequency band having a bandwidth which covers one of an uplink frequency band and a downlink frequency band of the transmit/receive circuitry. The circuitry is arranged to map the second feed port to the antenna structure for the second radiation mode across a second frequency band, wherein the second frequency band covers both of an uplink frequency band of the transmit/receive circuitry and a downlink frequency band of the transmit/receive circuitry. The above concepts are extendible to more than two modes.
    Type: Application
    Filed: October 23, 2012
    Publication date: September 18, 2014
    Applicant: OPTION NV
    Inventors: Aleksander Krewski, Werner Schroeder, Jan Vercruysse
  • Publication number: 20140250499
    Abstract: The invention relates to a method for secure operation of a plurality of devices, the devices suited for use in such method and the entire arrangement of such devices, and further computer program products and related machine readable signal storage media, governing said method or parts thereof, executed on or for configuring to prepare for execution on one or more of said devices, particularly the invention provides for authorization and permissions when logging into and off from a computer network from a computing device. The methods comprise of when executing a logoff procedure, storing the secret information on a second server by use of first credentials generated by a first server and when executing a logon procedure retrieving the secret information from the server by use of second credentials generated by a first server.
    Type: Application
    Filed: February 28, 2014
    Publication date: September 4, 2014
    Applicant: OPTION NV
    Inventor: Jan VERCRUYSSE
  • Publication number: 20140214645
    Abstract: Computer-implemented methods of investor education in the field of valuing and selecting stock options for investment.
    Type: Application
    Filed: January 29, 2013
    Publication date: July 31, 2014
    Applicant: OPTIONS CONSULTING GROUP LLC
    Inventor: Felix Frey
  • Patent number: 8788381
    Abstract: An investment instrument is disclosed that allows investors to take risk positions relative to the occurrence or non-occurrence of a contingent binary event. The contingent binary event will have one of two possible outcomes. In a digital derivatives contract, a long investor agrees to pay a short investor a contract amount in return for the short investor agreeing to pay the long investor one of two different settlement amounts depending on the outcome as the contingent binary event. Typically, one settlement amount will be zero and the other will be an amount greater than the derivatives contract price.
    Type: Grant
    Filed: October 7, 2009
    Date of Patent: July 22, 2014
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventor: Catherine T. Shalen
  • Publication number: 20140201055
    Abstract: Systems and methods for determining an index based on a covariance between two underlying assets is disclosed. In one implementation, a processor of a trading platform calculates a covariance index associated with two underlying assets, creates a covariance derivative associated with the two underlying assets based on the covariance index, and displays the covariance index and the covariance derivative on a trading display device coupled with the trading platform.
    Type: Application
    Filed: November 4, 2013
    Publication date: July 17, 2014
    Applicant: Chicago Board Options Exchange, Incorporated
    Inventor: Catherine T. Shalen
  • Publication number: 20140170171
    Abstract: Provided are proteins and polynucleotides, complexes and compositions containing the proteins, and methods for their use in administration to subjects and for disease treatment. Among the provided proteins and complexes are complexes containing a TGF-beta associated with immunoglobulins (such as IgGs) or functional portions thereof including Fc portions, such as by non-covalent bonds. The complexes and compositions can be used for administration to subjects, such as for treating a subject with a musculoskeletal disease such as osteoarthritis and/or degenerative joint disease. The complexes and compositions can be used in different mammals, including dogs, horses, and humans.
    Type: Application
    Filed: March 21, 2012
    Publication date: June 19, 2014
    Applicant: OPTION PHARMACEUTICALS, LLC
    Inventor: Tod Lauerman
  • Publication number: 20140163623
    Abstract: Devices and systems for repairing bone fractures and more specifically a fracture repair plate that provides for fixation of a metaphysis to the diaphysis of a long bone, for instance a fracture between the proximal humerus and the diaphysis of the humerus. The fracture repair system includes an implantable repair fracture repair plate and a bone anchor for fixing the fracture repair plate to a bone. In one embodiment, the fracture repair plate may also be adapted to serve as an anchor for a suture. The fracture repair system may also include a fracture reduction mechanism attachable to the fracture repair plate for imparting a controlled translational movement between two bone segments along a plane that lies substantially parallel to the surface of the bone to which the fracture repair plate is attached and substantially parallel to the longitudinal axis of the bone shaft.
    Type: Application
    Filed: June 26, 2013
    Publication date: June 12, 2014
    Applicant: SHOULDER OPTIONS, INC
    Inventor: C. SCOTT HUMPHREY
  • Patent number: 8738524
    Abstract: An automated system for creating parity on close orders in an exchange configured for trading securities or derivatives is disclosed including an electronic trade engine operative to receive an order for a security or derivative at the exchange, the trade engine further operative to disseminate a request for a price message to a plurality of market makers quoting a class in response to receiving the order, wherein the request for a price message includes a parity amount for the order; an electronic book in communication with the electronic trade engine, the electronic book operative to store at least one order received by the electronic trade engine; and wherein, in response to the request for a price message, the electronic trade engine receives at least one price message that includes a fee in addition to the parity amount.
    Type: Grant
    Filed: June 24, 2011
    Date of Patent: May 27, 2014
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventors: Matthew McFarland, John Joseph Wiesner
  • Publication number: 20140136311
    Abstract: Systems and methods for determining a trade fee charged by a trading venue to a market participant, or a rebate credited by a trading venue to a market participant are disclosed. The method may include a computer accessing and storing one or more order information parameters in memory, as well as accessing and storing one or more of market characteristics in memory. The method may further include calculating a trade fee or rebate that is based on at least one of the order information parameters and at least one of the market characteristics stored in memory. A system may include a memory containing instructions for calculating a trade fee or rebate and a processor in communication with the memory, the processor configured to execute the instructions according to the method set out above.
    Type: Application
    Filed: November 13, 2013
    Publication date: May 15, 2014
    Applicant: CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED
    Inventors: Eric Frait, Eileen C. Smith
  • Patent number: 8719145
    Abstract: An investment instrument based on a range of index values is disclosed that allows investors to take risk positions relative to the size, or length, of the range. The investment instrument has a monetary value that increases as the index value increases within a low range interval of the range, decreases as the index value increases within a high range interval of the range, and is fixed or capped if the index value falls within a middle range interval of the range. Typically, one settlement amount will be zero and the other will be an amount greater than the investment instrument price.
    Type: Grant
    Filed: March 16, 2012
    Date of Patent: May 6, 2014
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventors: Marty O'Connell, John Hiatt, Jr., William Speth
  • Patent number: 8719144
    Abstract: A method is described for providing one of a plurality of maker-taker pricing models to a system connected with the exchange system. The method includes the steps of an exchange server receiving from a first market participant of the exchange a marked order at the exchange connected to a database, the marked order marked with an indication of an expected rebate amount for trading orders; associating the marked order with an order from a second market participant of the exchange stored in a database configured to receive and store orders having varying rebate amounts according to the expected rebate amount; and executing the marked order according to the indication of an expected rebate amount. An exchange system for accessing at least one maker-taker pricing model for executing a trade on an exchange is also disclosed.
    Type: Grant
    Filed: September 15, 2010
    Date of Patent: May 6, 2014
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventor: David Dillingham Reed
  • Patent number: 8712891
    Abstract: A method and system for calculating a tail risk hedge index is disclosed where the tail risk hedge index is associated with a portfolio having an underlying asset and a volatility index option based on the underlying asset. The method includes, with a processor in a trading platform, calculating a tail risk hedge index (VXTH) associated with the portfolio having an underlying asset and a volatility index (VIX) option based on the underlying asset, and displaying the VXTH. The VXTH is calculated by compounding its value based on the equation: VXTHt=VXTHt-1*(1+RVXTH), where t is the close date and RVXTH is the daily net rate of return of the index. A trading platform for creating and disseminating the index, and for creating and trading a derivative based on the index, is also disclosed.
    Type: Grant
    Filed: July 27, 2012
    Date of Patent: April 29, 2014
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventor: Catherine T. Shalen
  • Patent number: 8711966
    Abstract: A wireless device has receiver circuits and/or transmitter circuits supporting at least two simultaneous independent transmit paths in the same frequency band, and a multiport antenna with N ports, for the available receiver or transmitter circuits. The multiport antenna has a compact mechanical state and an extended mechanical state, and is connected to the N ports of the receiver and/or transmitter circuits by a 2N-port matching and decoupling network. This has multiple, selectable electrical states, each corresponding to at least one of the mechanical states. One combination of the mechanical state and the electrical state allows operation in a wireless channel of rank N. A second combination of the mechanical state and the electrical state allows operation in a wireless channel of rank less than N. Better MIMO performance with the extended antenna configuration can be obtained with the convenience of retaining limited performance when the user cannot use the extended antenna.
    Type: Grant
    Filed: May 26, 2011
    Date of Patent: April 29, 2014
    Assignee: Option NV
    Inventors: Werner L. Schroeder, Aleksander Krewski
  • Patent number: 8694407
    Abstract: A method and system for creating a volatility benchmark index is disclosed. The method includes obtaining a value of a Treasury bill account less a mark-to-market value of at least one of a volatility-based future or option and calculating a value reflecting a volatility benchmark. The value may be displayed at a trading facility and volatility benchmark quotes may be transmitted by the trading facility to a market participant.
    Type: Grant
    Filed: July 19, 2012
    Date of Patent: April 8, 2014
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventor: Catherine T. Shalen