Picture this: 'spruced' up for Christmas.1973 Washington, D.C. This photograph shows the delivery of the first permanent National Christmas Tree Christmas Tree An options trading strategy that is generally achieved by purchasing one call option and selling two other call options at different strike prices. When drawn structurally, the strike price of the long option is located below the two successively higher written calls.Notes: This strategy would be used if the investor believed the stock was going to make a calculated move higher., donated by the National Arborist Association to the White House. Prior to 1973, all National Christmas Trees were cut trees. This particular 42-foot Colorado blue spruce lived through four Christmases before dying during a hot summer and having to be replaced for the 1977 ceremony. The replacement was blown over the following year by a windstorm. The subsequent 1978 tree is still the National Christmas Tree, topped by the First Lady each year before the National Christmas Pageant of Peace. The National Christmas Tree has been an American tradition since 1923. [ILLUSTRATION OMITTED] |
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