FLEX options combine the benefits of customization with the advantages of listing and are available on both individual stocks and some of the AMEX's broad-market indexes. Both E-FLEX (Equity FLEXible Exchange Options) and FLEX (FLEXible Exchange Index Options) allow investors to customize key contract terms, including expiration date, exercise style and exercise price. A minimum of 250 contracts must trade to open a new E-FLEX series, or $10 million underlying for a new FLEX index series. A minimum of 100 contracts is required to trade an open E-FLEX series, or $1 million for an open FLEX index series.

Conventional options are also available for all E-FLEX listings and FLEX options on AMEX indexes - EUR - The EUROTOP 100 Index, HKO - The Hong Kong Option Index, XII - The Institutional Index, JPN - The Japan Index, XMI - The Major Market Index, MSH - The Morgan Stanley High-Technology 35 Index, and MID - The S&P MidCap 400 Index.

Learn more about Equity FLEXible Exchange Options

Equity FLEX Contract Specifications

Learn more about FLEXible Exchange Index Options

FLEX Contract Specifications

This Web site discusses exchange-traded options issued by The Options Clearing Corporation. No statement in this material is to be construed as a recommendation to purchase or sell a security or to provide investment advice. Options involve risk and are not suitable for all investors. Prior to buying or selling options, individuals must receive a copy of Characteristics and Risk of Standardized Options which can be obtained from a broker, The Options Clearing Corporation, 440 S. LaSalle Street, Chicago, IL 60605 or the American Stock Exchange, 86 Trinity Place, New York, New York 10006-1872.