What is ‘OEX’
The ticker symbol used to identify index options traded on the Standard & Poor’s 100 index. OEX options are listed with a letter code indicating the month code for puts and calls, and a letter code indicating the strike price. Strike prices greater than five points use three letters to indicate which group of 100 the option is trading for.
Explaining ‘OEX’
For example, a February Call 480 would be written as OXB BP, which can also be written as OXBBP or OXB=BP. The S&P 100 is a market-capitalization weighted index of 100 stocks from a broad range of industries.
Further Reading
- Computational intelligence in economics and finance – link.springer.com [PDF]
- Option volume and volatility response to scheduled economic news releases: Evidence of informed trading – papers.ssrn.com [PDF]
- Testing for nonlinear dependence in daily stock indices – www.sciencedirect.com [PDF]
- Option volume and volatility response to scheduled economic news releases – onlinelibrary.wiley.com [PDF]
- On the informational content of implied volatility. – elibrary.ru [PDF]
- Long run tendencies and short run adjustments between official and black market exchange rates in MENA countries – dergipark.org.tr [PDF]
- The relation between implied and realized volatility – www.sciencedirect.com [PDF]
- Index option prices and stock market momentum – www.jstor.org [PDF]
