|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Section
VII Flexibly Structured Options more |
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
Special
Features of Flexibly Structured Options
|
|
|
|
|
Section
VIII Flexibly Structured Options more |
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
How
to Exercise
Assignment
Settlement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Section
IX
Tax Considerations, Transaction Costs more |
|
An
option is the right either to buy or to sell a specified amount or
value of a particular underlying interest at a fixed exercise price
by exercising the option before its specified expiration date. An
option which gives a right to buy is a call option, and an option
which gives a right to sell is a put option. Calls and puts are distinct
types of options, and the buying or selling of one type does not involve
the option. |
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
Tax
Considerations
Transaction Costs
Margin Requirements |
|
|
|
|
|
|
|
Section
X Principal Risks of Options Position more |
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
Risks
of Option Holder
Risks of Option Writers
Others Risks
Special Risks of Index Options
Special Risks of Debt Options
Special Risks of Foreign Currency
Options
Special Risks of Flexibly Structured
Options |
|
|
Section
I Introduction more |
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
Section
II Options Nomenclature more |
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
Section
III Options on Equity Securities more |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Section
XI Scope and Limitations of this content
more |
|
|
Features
of Stock Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
Section
IV Debt Options more |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplement
I November 8, 1995 more |
|
|
 |
|
|
|
|
|
|
|
|
|
|
About
Indexes
Features of Index Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplement
II October, 1996 more |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
Section
V Debt Options more |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
The links on this page relate solely to options issued by The Options
Clearing Corporation ("OCC"), and all references to "options"
in this booklet are applicable only to such options. As of the date
of this booklet, options are traded on the United States markets listed
and on the European Options Exchange in Amsterdam, The Netherlands.
In the future, options may be traded on other markets within or outside
the United States. The markets on which options are traded at any
given time are referred to in this booklet as the "options markets."
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
Rates,
Yields and Prices of Debt
Securities
Treasury Securities Yield
Based Options
|
|
|
|
|
|
|
|
|
|
Section
VI Foreign Currency Options more |
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
Market
for Foreign Currencies
Special Characteristics for Currency
Options
Special features of Dollar-Denominated
Foreign Currency
Cross-Rate Foreign Currency Options
Cash-Settled Foreign Currency Options
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |