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 ?
8220;Le Reve wanted to offer a flexible exchange option that was economical and easy to use,” explained Susan Friedline, Business Development Manager, DAE.
This flexible exchange option allows customers to elect any IBM PC, as well as the new IBM Network Station, to replace their original IBM PC hardware.
12 /PRNewswire/ -- The American Stock Exchange today announced it has received approval from the Securities and Exchange Commission (SEC) for its proposal to eliminate position and exercise limits for Equity FLEXible Exchange Options, or E-FLEX options.
Created in 1993 by the CBOE, and initially listed on the S&P 100(R), S&P 500(R) and the Russell 2000(R) indices, FLexible EXchange Options, known as FLEX(R) Options, offer an alternative to over-the-counter options, enabling institutional market users to customize certain terms of the option contract.
Equity FLEXible Exchange Options (E-FLEX options) Offer Customized Risk
6 it will offer flexible exchange options on the Russell 2000(R) Index, the industry benchmark for small-capitalization stocks.
25 /PRNewswire/ -- Flexible Exchange Options (FLEX Options) will begin trading on the Chicago Board Options Exchange on Friday, Feb.
23 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) will launch its FLexible EXchange Options ( FLEX Options'') on Friday, Feb.
31 /PRNewswire/ -- The Chicago Board Options Exchange (CBOE) today filed with the Securities and Exchange Commission (SEC) to create Flexible Exchange Options (FLEX Options) -- an exchange traded alternative for institutional users of the over-the-counter (OTC) options market.

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