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.
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“Le Reve wanted to offer a flexible exchange option that was economical and easy to use,” explained Susan Friedline, Business Development Manager, DAE.

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