FLEX option


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FLEX Option

An option that does not have standardized features. The writer and the buyer of a FLEX option negotiate the specific terms, such as the strike price and the expiration date. It is important to note the FLEX options do not trade in the continuous market. Generally speaking, clearing houses are the main writers of FLEX options.

FLEX option

Registered name for a customized equity option with unique characteristics including expiration date, strike price, and exercise style. Unlike regular options, FLEX options do not have standardized features and do not trade in continuous markets.
References in periodicals archive ?
Under the terms of the new contract, Spinnaker has renewed the affiliation of two existing resorts in Hilton Head Island, South Carolina, and has affiliated its Spinnaker Flex Options program adding three resorts on the island to the Interval Network.
It also engineered equity options, security index options, Weeklys options, LEAPS options, FLEX options and benchmark products like the CBOE S&P BuyWrite Index.
Although exchange-listed FLEX options have the potential to answer some of these demands, they suffer from a lack of sell side support.
Other groundbreaking products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products, such as the CBOE S&P 500 BuyWrite Index (BXM).
Other groundbreaking products engineered by CBOE include equity options, security index options, LEAPS, FLEX options, and benchmark products, such as the CBOE BuyWrite Index (BXM).
Nearly 3,000 call contracts have traded for all FLEX options with less than three months to expiration.