EFTA Document EFTA01393123

CHAPTER VII FLEXIBLY STRUCTURED OPTIONS Flexibly structured options, like the other options discussed in this booklet, are traded on the U.S. op- tions markets and are issued by OCC. However, unlike other options, the terms of flexibly structured options are not all standardized. When a flexibly structured option is purchased and sold in an opening transac- tion, the parties to the transaction have the flexibility, within limitations set forth in the rules of the options market on which