NYSE Options: Permanent Penny Interval Program for Options

[ajacobson]

05/12/2020, 09:16
NYSE OPTIONS: PERMANENT PENNY INTERVAL PROGRAM FOR OPTIONS
On July 1, 2020, NYSE American Options and NYSE Arca Options will be adopting the Penny Interval Program for Options (the “Program”) on a permanent basis, following the expiration of the Penny Pilot (the “Pilot”). The Program will initially apply only to the 363 most actively traded multiply listed options classes as determined by the OCC during the six month period ending on April 30, 2020 (the “Top 363”). To be eligible for the Top 363, an issue must either be in the Pilot or trading under $200 at the close of June expiration.

For additional information and a list of the issues that are currently in the Pilot but are not among the Top 363, please click here .

 

[Metamega]

Brought to you by HFT.

 

[KISS]

For options it's not the spread that is the issue, it's the priee that is the issue.

intraday volalitity is 10% for options. in the money price for some options is why trade options when you can trade underly security.

options have no leverage is 100% cash
now with negative pricing even in oil options, you can lose more than what you put into buying an option.
the fact they even approve negative pricing for options is absurd.

 

[temnik]

now with negative pricing even in oil options, you can lose more than what you put into buying an option.
the fact they even approve negative pricing for options is absurd.

Please explain how can one lose more than a premium when long an option?

Exercise is still a buyer's privilege, isn't it? Regardless of the strike.

People traded negative strikes in calendar spread options, and nobody complained.

 

[systematictrader]

For options it's not the spread that is the issue, it's the priee that is the issue.

intraday volalitity is 10% for options. in the money price for some options is why trade options when you can trade underly security.

options have no leverage is 100% cash
now with negative pricing even in oil options, you can lose more than what you put into buying an option.
the fact they even approve negative pricing for options is absurd.

?

 

[systematictrader]

05/12/2020, 09:16
NYSE OPTIONS: PERMANENT PENNY INTERVAL PROGRAM FOR OPTIONS
On July 1, 2020, NYSE American Options and NYSE Arca Options will be adopting the Penny Interval Program for Options (the “Program”) on a permanent basis, following the expiration of the Penny Pilot (the “Pilot”). The Program will initially apply only to the 363 most actively traded multiply listed options classes as determined by the OCC during the six month period ending on April 30, 2020 (the “Top 363”). To be eligible for the Top 363, an issue must either be in the Pilot or trading under $200 at the close of June expiration.

For additional information and a list of the issues that are currently in the Pilot but are not among the Top 363, please click here .

I dont understand so what is it exactly
Penny increments options ?