Products

 

Equity Options


Equity Options Specifications

There are two types of equity options, calls and puts. A call option gives its holder the right to buy an underlying security, whereas a put option conveys the right to sell an underlying security.

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Equity LEAPS Specifications

Long-term Equity AnticiPation Securities (LEAPS) are long-term option contracts that allow investors to establish positions that can be maintained for a period of up to three years.

The development and introduction of LEAPS by CBOE in 1990 added a whole new range of options possibilities, many suited for conservative stock investors. Current options investors are using LEAPS, as are stock investors, because of the similarities between LEAPS and shares of stock, and the more conservative nature afforded to LEAPS by their long-term expirations.

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Equity FLEX Specifications

Equity FLEX options allow users to custom tailor most contract terms and enjoy expanded position limits for exchange listed Equity and Index options. FLEX options offer investment professionals, holders of restricted stock, large stockholders, corporations and other types of investors the newest in risk management instruments, especially designed to extend access to customized derivative products. FLEX options provide you with:

    • The price discovery of competitive auction markets.
    • A secondary market to offset or alter positions.
    • An independent daily valuation of prices.
    • Contract guarantee and virtual elimination of trading counter party risk.

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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.