trade for eights
v. phr.— «That was around the time the SEC brought charges against the brokers for the practice—called “trading for eights,” or flipping. But when the flipping case came to trial, the NYSE didn’t testify in the traders’ defense.» —“Big Board Wasn’t Always A Stickler On ‘Rules’” by John Crudele New York Post (New York City) Oct. 17, 2006. (source: Double-Tongued Dictionary)
Further reading
The word filibuster has a long and colorful history, going back to the days when pirates roamed the high seas. Today it refers to hijacking a piece of legislation. Plus, the language of yoga teachers: When doing a guided meditation, you may hear...
After our conversation about towns with extremely short names, many listeners wrote to tell us about Why, Arizona. Others pointed out that there are towns called Ely in Iowa, Minnesota, and Nevada. Other super-short appellations include Rye, New...
Is this trading for “eights”, or rather trading for “eightHs”? Remember, just a few years ago, before going to pricing by the penny (or hundredths), stock prices were usually listed in eighths, or 12.5 cent increments.