Catchword: grow teeth
Part of Speech:
v. phr. The part of speech reflects that used in the
full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: A mysterious Taiwanese-born floor trader, Hwalin Lee, singlehandedly cost another CBOE clearing firm more than $50 million in a huge short position in S&P 100 puts that exploded into the money even before Oct. 19. In traders’ jargon, the puts “grew teeth.”
Article or Document Title:
“The Crash—One Year Later: In the Pits —How One Options Dealer Blew $9 Million”
Author:
Jonathan R. Laing
Article, Document, Publication, Web Site:
Barron’s
Date of Publication:
Oct. 17, 1988