Option Class definition

Option Class means, with respect to any Option, the class of Common Stock subject to purchase pursuant to the terms of the Option.
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Option Class means all option contracts of the same type (call or put) and style covering the same underlying interest.
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Examples of Option Class in a sentence

  • The System will maintain a counting program ("EEM Counting Program") for each participating EEM who has submitted an order in an EEM Specified Option Class using a specified MPID of the EEM and delivered via the MEO Interface as described herein (an “EEM ARM Eligible Order”).

  • The System will engage the Aggregate Risk Manager for EEMs (“ARM-E”) in a particular EEM Specified Option Class when the EEM Counting Program has determined that an EEM has executed during the EEM Specified Time Period a number of EEM ARM Contracts from an EEM ARM Eligible Order equal to or above their EEM Allowable Engagement Percentage.

  • The EEM may also establish for each EEM Specified Option Class an EEM Allowable Engagement Percentage.

  • A Market Maker may determine to engage the ARM Class Protection feature for a particular MM Option Class which has MM ARM Eligible Orders in a protected MPID (an “ARM Option Class”).

  • The Market Maker may also establish for each MM Option Class an MM Allowable Engagement Percentage.

  • Market Makers may determine to engage any of the following Enhanced Aggregate Risk Manager Protections in the System: (a) Protection for One Option Class (“ARM Class Protection”).

  • When the MM Realized Engagement Percentage equals or exceeds the MM Allowable Engagement Percentage the ARM-M will cancel and reject the MM ARM Eligible Orders in the MM Option Class as described above.

  • ARM-E will then, until the EEM sends a notification to the System of the intent to reengage and submits a new order in the EEM Specified Option Class: (i) automatically cancel the EEM ARM Eligible Orders in all series of that particular EEM Specified Option Class and (ii) reject new EEM ARM Eligible Orders by the EEM in all series of that particular EEM Specified Option Class submitted using the MEO Interface.

  • The System will engage the Aggregate Risk Manager for Market Makers (“ARM- M”) in a particular MM Option Class when the MM Counting Program has determined that a Market Maker has executed during the MM Specified Time Period a number of MM ARM Contracts from an MM ARM Eligible Order equal to or above their MM Allowable Engagement Percentage.

  • All of a Market Maker’s orders in each MM Option Class will be considered firm until such time as the MM Allowable Engagement Percentage threshold has been equaled or crossed and the MM ARM Eligible Orders are cancelled by the ARM-M in all series of that MM Option Class as described herein.

Related to Option Class

  • Backward Classes means any socially and educationally Backward Classes of citizens recognized by the Government for purpose of clause (4) of article 15 of the Constitution of India;

  • participating class means a class of shares title to which is permitted by an Operator to be transferred by means of a relevant system;

  • Class when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans.

  • Erroneous Payment Impacted Class has the meaning assigned thereto in Section 11.11(d).