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Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe -- Ignore unavailable to you. Want to Upgrade?


To: jt101 who wrote (823)3/26/2003 12:09:20 AM
From: Tim O.  Read Replies (1) | Respond to of 1064
 
here's a good and complete doc from the OCC.

theocc.com



To: jt101 who wrote (823)3/26/2003 8:04:39 AM
From: OX  Read Replies (1) | Respond to of 1064
 
that snippet you quoted I believe is partially incorrect.
only broad-based index options are considered "1256"
(i believe SOX and BTK are narrow-based)

see IRS pub 550

ETF's (QQQ, DIA) options are NOT 1256

options on futures ARE 1256 (ie, options on ES/SP)