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LSDefine

Simple English definitions for legal terms

Options Price Reporting Authority

Read a random definition: ira motus

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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General chat about the legal profession.
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18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
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