|
PureBytes Links
Trading Reference Links
|
Recently, I was discussing the different settlement terms of SPX (S&P
500 Index options) and OEX (S&P 100) options: where SPX's settlement
price is based upon Friday's opening prices, and OEX is based upon
the S&P 100's close on Friday. However, I couldn't remember when
this change in SPX terms was made, or more importantly - why?
Was this change made in the aftermath of Oct-87? What problem
did it intend to fix?
|