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  1. OASIS Energy Market Information Exchange (eMIX) TC
  2. EMIX-396

Clarify Option Writer

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    Details

    • Type: Improvement
    • Status: Closed
    • Priority: Major
    • Resolution: Fixed
    • Affects Version/s: csprd02 Public Review Draft
    • Fix Version/s: wd29
    • Component/s: spec
    • Labels:
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    • Environment:

      Sharon Dinges

    • Resolution:
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      The term is a standard financial / markets term. A typical definition is:

      The seller of a call option or a put option in an opening transaction. The option writer receives a premium and incurs an obligation to sell (if a call is sold) or to purchase (if a put is sold) the underlying asset at a stipulated price until a predetermined date.

      EMIX should make no effort to define, redefine, or modify standard market language. The draft reviewed capitalizes "Option Writer" three times, implying that EMIX defined it. Those capiltalizations have been removed and it now appears everywhere as "option writer"

      Applied Ed Cazalets suggested changes to tables

      Show
      The term is a standard financial / markets term. A typical definition is: The seller of a call option or a put option in an opening transaction. The option writer receives a premium and incurs an obligation to sell (if a call is sold) or to purchase (if a put is sold) the underlying asset at a stipulated price until a predetermined date. EMIX should make no effort to define, redefine, or modify standard market language. The draft reviewed capitalizes "Option Writer" three times, implying that EMIX defined it. Those capiltalizations have been removed and it now appears everywhere as "option writer" Applied Ed Cazalets suggested changes to tables

      Description

      Subject: [emix] Comments on emix-v1.0-csprd02
      From: "Dinges, Sharon" <sdinges@trane.com>
      Date: Fri, 20 May 2011 14:42:29 +0000

      792: Strike Price: - where is "Option Writer" defined?
      Ed.
      (1057 - table 11)
      ***
      Also mentioned in Option Holder element definition.
      Either need to stop referring to 'Option Writer'
      (find other term to refer to other side) or define it.
      If it's not needed as an element in the schema, then delete?
      Otherwise add to schema.

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            • Assignee:
              ahendry Anne Hendry (Inactive)
              Reporter:
              toby.considine Toby Considine (Inactive)
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                Updated:
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