Are Flex Equity Options Settled With Delivery Of Securities

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SECURITIES AND EXCHANGE COMMISSION November 1, 2019

    https://www.sec.gov/rules/sro/nyseamer/2019/34-87444.pdf
    while all FLEX Index Options are currently settled by delivery in cash.6 As proposed, FLEX Equity Options would be permitted to be settled by delivery in cash if the underlying security …

SECURITIES AND EXCHANGE COMMISSION February 5, 2020 ...

    https://www.sec.gov/rules/sro/nyseamer/2020/34-88131.pdf
    exercise style, expiration date, and exercise prices.8 Currently, FLEX Equity Options are settled by physical delivery of the underlying security.9 The Exchange proposed, in the case of a FLEX Equity Option with an underlying security that is an Exchange-Traded Fund (i.e., a FLEX ETF

SECURITIES AND EXCHANGE COMMISSION Included in the …

    https://www.sec.gov/rules/sro/nyseamer/2018/34-84870.pdf
    Equity Option whose underlying security is an ETF that is included in the Option Penny Pilot 11 (“FLEX ETF Option”), to allow settlement either by the delivery of cash or, as currently permitted under the Exchange rules, by physical delivery of the underlying security. 12

Federal Register :: Self-Regulatory Organizations; NYSE ...

    https://www.federalregister.gov/documents/2019/11/07/2019-24256/self-regulatory-organizations-nyse-american-llc-notice-of-filing-of-proposed-rule-change-to-allow
    Generally, FLEX Equity Options are settled by physical delivery of the underlying security, while all FLEX Index Options are currently settled by delivery in cash. As proposed, FLEX Equity Options would be permitted to be settled by delivery in cash if the underlying security meets prescribed criteria.

SECURITIES AND EXCHANGE COMMISSION

    https://www.sec.gov/rules/sro/nyseamer/2019/34-85628.pdf
    As proposed, FLEX Equity Options where the underlying security is one of 25 enumerated Exchange-Traded Funds (“ETFs”) would be capable of being settled by physical delivery of the underlying ETF or by delivery in cash.

Flexible Exchange Option (FLEX) Definition

    https://www.investopedia.com/terms/f/flexoption.asp
    Aug 02, 2019 · European expiration permits exercise only at the expiration date. Equity FLEX options, both puts, and calls, settle with the delivery of shares of stock if exercised. Index FLEX options will settle...Author: Gordon Scott, CMT

NYSE: Equity FLEX and LEAP Options

    https://www.nyse.com/products/options/flex-leaps
    With Equity FLEX options, investors are able to set key contract terms like exercise prices, exercise styles, and expiration dates, and to trade in size, with no position or exercise limits. Equity FLEX options are traded on all listed options, including but not limited to, Stock Options, American Depository Receipts, and exchange traded funds.

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