FLexible EXchange® Options (FLEX Options) are customized equity or index option contracts made available by the Cboe Options Exchange. FLEX Options provide investors with:
- The ability to customize key contract terms, like exercise prices, exercise styles and expiration dates
- Virtual elimination of counter-party risk - guaranteed by The Options Clearing Corporation
- Price discovery in competitive, transparent, auction markets
- A secondary market for an opportunity to offset or alter positions before expiration
- Independent daily valuation by OCC of prices
- Availability of daily price and open interest reports
- The opportunity to trade large size with expanded or eliminated position limits
- Operational efficiencies of exchange-listed options