Over-the-Counter Option

Over-the-Counter Option

An option traded off-exchange, as opposed to a listed stock option. The OTC option has a direct link between buyer and seller, has no secondary market, and has no standardization of striking prices and expiration dates. See also Secondary Market.

OTC Options

Option contracts that are not traded on an exchange. Because they are over-the-counter, OTC options are not standardized contracts and, as a result, can have any number of unusual features. This allows investors more flexibility, but creates additional risk. See also: Exotic option.
References in periodicals archive ?
Often, they want to find an over-the-counter option for relief to have as part of their pain management tool kit.
Depending on your cat's needs, there may be an over-the-counter option that will work or he may require a prescription diet.
hedge funds, which have become skeptical about Japan, are resorting to an over-the-counter option called swaptions that they expect will be extremely profitable for them should Japanese bonds yields rise.
In fact, the FDA's May 2004 "not approvable" decision for Plan B did not close the door entirely on the over-the-counter option. The agency offered the sponsor the option of "two tier," age-dependent marketing--that is, making Plan B available over the counter to women over age sixteen, but only by prescription to younger women.
It is the first and only over-the-counter option that treats the OAB symptoms, including urinary incontinence, urgency and frequency.
Last year Merck (through its Schering-Plough Healthcare Products unit) helped bring new revenue to retailers with its introduction of Zegerid OTC, an over-the-counter option for treating heartburn.
The MOVE Index is a well-recognized measure of US interest rate volatility that tracks the movement in US Treasury yield volatility implied by current prices of one-month over-the-counter options on 2-year, 5-year, 10-year and 30-year Treasuries.
Carpe was founded by David Spratte and Kasper Kubica - then college roommates - when the duo realized that there were no effective over-the-counter options to manage their sweaty hands caused by hyperhidrosis.
Eczema is a systemic condition and AtopX has shown dramatic effectiveness in early clinical results, along with a safety profile rivaling even over-the-counter options. It will provide physicians a safe, cost-effective, topical solution that creates an ideal healing environment for injured tissue resulting from this systemic condition, added the company's founder and CEO, Bradley Burnam.
* 45% wished there were more over-the-counter options available to treat joint pain.
The Wrights took the position that they did not need to recognize the gain from the assignment of the krone put option to the charity because over-the-counter options on minor foreign currencies such as the krone were not Sec.

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