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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"Two Times the Benefits with Anytime, Anywhere Work" (September 28, 2016) describes positive outcomes from flex options, which include improved recruiting results, enhanced employee engagement, and relieved space constraints.
Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM).
Other 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.
The airline's fare structure is tiered, with Basic, Basic Plus and Maxi Flex options, and all fares are inclusive of one piece of cabin baggage and a snack onboard.