... MarketWise Trading School, L.L.C. 8 OPTION EXCHANGES It wasn’t until 1973 when the Chicago Board Options Exchange (CBOE), the first options exchange in the U.S., opened its doors that the options trading ... in the options market, a system that is still used today. Despite these positive steps to encourage options as a legitimate trading vehicle, the 1900s took a toll on the reputation of options. ... ©2002 MarketWise Trading School, L.L.C. 1 Options Primer ©2002 MarketWise Trading School, L.L.C. 2 TABLE OF CONTENTS TABLE OF CONTENTS...