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10 Cards in this Set

  • Front
  • Back

Yield based options trade on the


(13 week T bills)


(30 yr Tbonds)


5(FVX) and 10 yr treasury notes

CBOE

Yield based options have a contract multiplier of

$100



Settlement of yield based is

next day in cash

Exercise settlement value is the

current yield on the underlying security multiplied by 10

Yield based options are exercised European style

Only on the trading day before expiration

Narrow based index reflects a composite price on a group of stocks

within a specific industry

Broad based indexes typically trade

from 9:30 am to 4:15 and have no exercise limits

Narrow based index options such as oil or gold

typically trade from 9:30am to 4:00pm ET

The commodity exchange act defines a narrow based security index as having

9 or fewer components

Cash value of an index option is determined by multiplying the current index price by

a predetermined multiplier, usually 100