What are American style options on SP500 or similar?

S

Saltynuts

Sorry for the very newb question, but I've never really dealt with options before. But I might want to buy some waaaaay out of the money puts on the S&P500 (or similar) to mitigate some tail risk. I want them to be American, exercise any time, style. Relatively close bit/ask spreads are desirable too if possible.

What all is out there?

Thanks!
 
Saltynuts said:
Sorry for the very newb question, but I've never really dealt with options before. But I might want to buy some waaaaay out of the money puts on the S&P500 (or similar) to mitigate some tail risk. I want them to be American, exercise any time, style. Relatively close bit/ask spreads are desirable too if possible.

What all is out there?

Thanks!
More...

You could buy S&P future puts or SPY puts? Those you can exercise before expiration.

https://www.cmegroup.com/trading/equity-index/files/sandp-500-futures-options.pdf

Although, why would you care about doing that? The options have good liquidity so you should always be able to sell the option back and collect whatever extrinsic value is left in the option. When you exercise early, you simply throw away the extrinsic value.
 
Saltynuts said:
Sorry for the very newb question, but I've never really dealt with options before. But I might want to buy some waaaaay out of the money puts on the S&P500 (or similar) to mitigate some tail risk. I want them to be American, exercise any time, style. Relatively close bit/ask spreads are desirable too if possible.

What all is out there?

Thanks!
More...


OEX as FSU states, but why do you need American-style?
 
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