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The oex is an American style option.It can be
exercised any time prior to expiration. European style options allow the
holder to exerecise only at expiration. All equity options are American
style.Most index options are European style.
Dom
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
ketayun
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders
Sent: Thursday, May 29, 2003 5:21
PM
Subject: [RT] options
Would someone please explain...I was told that with
the oex, one can buy puts/calls...... but the option cannot be redeemed
per se because the underlying vehicle is an index. If this is so, what
precisely does the option represent in actual real value?What I
wanted to do was buy an option with July expiry and my question was can I
exercise that option any time between now and July expiration?Thanks a
lot.To
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