That should have read December futures, which took over from the September futures. They were 3 months contracts. The SPI in 1987 traded at $100 per point. The deposit money was $6,000. On the morning of the crash the deposit money was put up to $100,000 which really meant you could only get out of existing contracts as $100.000 was equal to 1,000 points & too expensive.
As a result of the crash at least two brokers were bankrupted. (Bisleys & Jacksons).
I had sold 5 puts & 5 calls & was 5 contracts short which meant I was protected.
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Last
$181.60 |
Change
-0.930(0.51%) |
Mkt cap ! $303.5B | |||
| Open | High | Low | Value | Volume |
| $182.00 | $182.19 | $180.83 | $52.15M | 287.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13 | $181.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $181.62 | 25 | 1 |
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| Last trade - 11.32am 23/06/2025 (20 minute delay) ? |
| CBA (ASX) Chart |