The document discusses flexibly structured options, which are issued by OCC and traded on U.S. markets. Unlike other options, their terms are not fully standardized, allowing parties to fix certain variable terms within market rules. This flexibility differentiates them from other options. The document highlights the risks and trading procedures associated with these options, noting the potential lack of an active secondary market and the minimum size requirements for transactions.
documents/vol00010-efta01353439-pdf.pdf
{"document_type":"other","document_subtype":"informational document","key_organizations":["OCC"],"reference_numbers":["EFTA01353439"]}