The CBOE said in a press release that it had dropped position and exercise limits in areas such as:
- hedged Nasdaq-100 Index Tracking Stock option contracts
- buy-writes, or covered calls
The necessary rule change was approved by the Securities and Exchange Commission and is now in effect.
For a complete list of exempt positions, including some Over-The-Counter option strategies, click here .
Requirements for firm proprietary and customer accounts to report to CBOE positions and hedge information in excess of specified thresholds are in effect.