| Index FLEX options are designed to extend investor access to customized derivative products. With Index FLEX options, investors have the ability to set key contract terms like exercise prices, exercise styles, and expiration dates.
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| At the American Stock Exchange, Index FLEX options are traded on any index upon which options currently trade. A minimum of $10 million notional value is required for broad based stock indexes and $5 million notional value for narrow based stock indexes. For existing series the minimum is $1 million notional value in both opening and closing transactions.
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Contract Specification  |
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All options contracts traded on the American Stock Exchange and other national securities exchanges are issued, guaranteed, and cleared by The Options Clearing Corporation (OCC). The OCC is a registered clearing agency with the Securities and Exchange Commission and has received an AAA rating from Standard & Poor's Corporation for its ability to fulfill its obligations as the counterparty for options trades.
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