TheStreet.com said Thursday that co-founder and contributing editor James J. Cramer agreed to take options instead of his $275,000 salary for the year 2000.
The New York online financial news service called the decision a "major vote of confidence" in TheStreet.com.Cramer will be able to exercise the 30,000 options at a price of $19 in one year.
The company's shares traded at $19 on Thursday, up 8.9 percent, or $1.50, on NASDAQ Stock Market volume of 1 million shares.
TheStreet.com's stock price is down from a high of $71 just after it went public in May.
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CEO Kevin English was abruptly replaced in November, and analysts have questioned whether the company can gain enough revenue from advertising and subscription fees.