CBOE FLEX® Options

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

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.