Equity FLEX Options Product Specifications
- Minimum Size
- One contract.
- Strike Price
- Any strike price in penny increments. Strike prices may also be expressed as a percentage of the level of the underlying stock.
- Premium Price
- Premiums may be expressed as a specific dollar amount per contract in increments that are established on a class basis and which have generally been set in penny increments. Premiums may also be expressed as a percentage of the level of the underlying stock. For strike prices specified in other than underlying values, premium prices specified in other than a dollar amount per contract, and size specified in other than a number of contracts, Cboe calculates actual strike prices, premium prices and number of contracts for submission to The Options Clearing Corporation for clearing and settlement.
- Expiration Date
- Any business day up to 15 years from trade date.
- Exercise Style
- American or European.
- Trade Dissemination
- A text message describing the volume and price of any trade can be received via the terminals of vendors who offer the FLEX retrieval service.
- Settlement of Option Exercise
- All Equity FLEX Option exercises will result in physical delivery of the underlying security. Settlement price will be the closing stock price on exercise or expiration day.
- Trading Hours
- Equity FLEX trading hours are 8:30 a.m. - 3:00 p.m. Chicago time.
- For trading hours on FLEX options on ETPs, please refer to the ETP contract specifications link.
- For additional information on Equity FLEX, visit the Equity FLEX Options page under the Institutional tab.