释义 |
restricted option Restricted OptionAn option contract that the rules of an exchange do not permit to be used in a naked option strategy. That is, one must own the underlying asset (for a call) or sufficient cash to buy the underlying asset (for a put), or have some way to acquire it easily, in order to use a restricted option. An option may become restricted if it is worth less than $50 and is out-of-the-money. Restricted options exist in order to prevent volatility in the market. See also: Covered Option, Straddle.restricted option An option in which an uncovered opening transaction cannot be made. An option becomes restricted when it closes at a price under $50 ( 1/2 point) and is out-of-the-money by more than 5 points. Restricted options are not prohibited for covered transactions or spreads. |