Ever wondered where options trading actually came from? The story goes back further than you'd think—all the way to 600 B.C. An ancient Greek mathematician used astronomy to forecast a bumper olive harvest coming that year. Smart move: he secured the rights to use olive presses at a predetermined price before demand skyrocketed. He didn't have to buy them if the harvest flopped, but if it boomed, he could lock in the rate he'd negotiated. Boom—that's your first recorded call option right there. From ancient olive presses to modern crypto derivatives, the core mechanics remain unchanged: the right, but not the obligation, to transact at a fixed price. Pretty wild that financial innovation plays out on the same patterns across millennia.
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FOMOmonster
· 15h ago
Haha, this guy is the pioneer of options trading. Predicting olive harvests based on astronomy makes him an ancient data analyst.
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FallingLeaf
· 15h ago
Ancient people played with options 2,600 years before us. Is this really true?
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TestnetScholar
· 15h ago
Wow, the ancient Greek guys were directly playing options, over two thousand years earlier than us.
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ser_ngmi
· 15h ago
Damn, the ancients were already playing with options, and we're still struggling to make money now. Truly ironic.
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DegenRecoveryGroup
· 15h ago
Haha, that guy from ancient Greece was really a clever one. He predicted olive harvests using astronomy and then locked in the price. Isn't that the earliest form of a call option?
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GateUser-75ee51e7
· 15h ago
Wow, the ancient Greek guys were already playing with options? The logic is exactly the same as today's crypto derivatives. No wonder human nature doesn't change, and neither does finance...
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AirdropHarvester
· 15h ago
Haha, ancient people were already playing with options. I thought this was a modern invention... Human greed has remained unchanged for thousands of years.
Ever wondered where options trading actually came from? The story goes back further than you'd think—all the way to 600 B.C. An ancient Greek mathematician used astronomy to forecast a bumper olive harvest coming that year. Smart move: he secured the rights to use olive presses at a predetermined price before demand skyrocketed. He didn't have to buy them if the harvest flopped, but if it boomed, he could lock in the rate he'd negotiated. Boom—that's your first recorded call option right there. From ancient olive presses to modern crypto derivatives, the core mechanics remain unchanged: the right, but not the obligation, to transact at a fixed price. Pretty wild that financial innovation plays out on the same patterns across millennia.