OIC Introduces Online "Options Basics" Class

Chicago—November 29, 2001

The Options Industry Council (OIC) announced today that it is adding a new "Options Basics" class to its online educational offerings. This class is located at Online Options Classes.

Options Basics represents an introduction to the world of equity options by covering the following topics:

  • The options marketplace
  • Basic options terminology
  • Calls and puts - the two types of options
  • Standardized terms of listed equity option contracts
  • Purchasing vs. writing options
  • Exercise, assignment and settlement - when and what happens
  • Risk vs. reward of buying calls and puts

A quiz at the end of the course helps class participants assess their knowledge and progress.

"Before investors begin trading options, they must obtain a solid knowledge base," said Paul Stevens, OIC President. "Options Basics is a comprehensive course that will enable users to gain this base and then venture on to more advanced concepts."

Like other OIC courses, "Options Basics" allows users to repeat the class until they have a solid understanding of the topics. It is accessible from the OIC Web site at no cost. Others classes currently available include "Options Pricing," "Symbols and Quotes" and "Contracts Adjustments."

OIC is a non-profit organization founded in 1992 by the nation's options exchanges to provide investor education about equity options. Today, its members include The American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's free educational programs include: a call center, which provides U.S. investors with comprehensive options information, education and trading data at no cost from options experts; an educational Web site at www.888options.com; evening seminars throughout the continental United States and Canada; instructional videos, educational brochures and interactive software. More information on these resources is available by visiting the Web site or sending e-mail to options@theocc.com. U.S. inquiries can also be directed to the call center at 888-OPTIONS (888-678-4667).

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