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Simple English definitions for legal terms

Options Price Reporting Authority

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A quick definition of Options Price Reporting Authority:

Options Price Reporting Authority (OPRA) is a system approved by the SEC that collects and shares information about the last sale and quotes of options traded on five different exchanges. These exchanges include the American Stock Exchange, the Chicago Board of Options Exchange, the New York Stock Exchange, the Pacific Stock Exchange, and the Philadelphia Stock Exchange. OPRA helps investors and traders make informed decisions by providing them with accurate and up-to-date information about options trading.

A more thorough explanation:

The Options Price Reporting Authority (OPRA) is a national market-system plan that has been approved by the Securities and Exchange Commission (SEC). Its purpose is to collect and distribute information about the last-sale and quotation prices of options traded on five different exchanges. These exchanges include:

  • American Stock Exchange
  • Chicago Board of Options Exchange
  • New York Stock Exchange
  • Pacific Stock Exchange
  • Philadelphia Stock Exchange

OPRA is responsible for collecting and disseminating this information to investors and traders in a timely and accurate manner. This helps to ensure that the options market operates efficiently and transparently.

For example, if an investor wants to buy a call option on a particular stock, they can use OPRA to find out the current market price of that option on each of the five exchanges. This information can help the investor make an informed decision about which exchange to trade on and at what price.

option spread | option to purchase real property

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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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