Introduction to CBOE FLEX Options
FLexible EXchange® Options (FLEX Options) are customized equity or index option contracts made available by the Chicago Board Options Exchange. FLEX Options provide investors with:
- The ability to customize key contract terms, like exercise prices, exercise styles and expiration dates
- Virtual elimination of counter-party risk - guaranteed by The Options Clearing Corporation, a "AAA" rated clearinghouse
- Price discovery in competitive, transparent, auction markets
- A secondary market for an opportunity to offset or alter positions before expiration
- Independent daily valuation by OCC of prices
- Availability of daily price and open interest reports
- The opportunity to trade large size with expanded or eliminated position limits
- Operational efficiencies of exchange-listed options
More Information:
Press Release on The First Fully-Automated Electronic FLEX Options Trading System In The U.S.
CFLEX
Index FLEX Options
Equity FLEX Options
FLEX Open Interest and Daily Closing Price Reports
FLEX Quick Reference Sheet in Adobe Acrobat Format