Options Industry Council - OIC

DEFINITION of 'Options Industry Council - OIC'

A cooperative formed in 1992 by U.S. options exchanges and Options Clearing Corporation (OCC) to educate investors and financial advisers regarding the benefits and risks of exchange-traded equity options. The Options Industry Council (OIC) serves as the industry resource for equity options education, and it is sponsored by a variety of corporations including BATS Options, the Boston Options Exchange, C2 Options Exchange Inc, the Chicago board Options Exchange, the international Securities Exchange, NASDAQ OMX PHLX, NASDAQ Options Market, NYSE Ames, NYSE Arca and Options Clearing Corporation.

BREAKING DOWN 'Options Industry Council - OIC'

The Options Industry Council serves as an educational resource to promote exchange-traded equity options. It offers online classes, in-person seminars and online webcasts and podcasts, and distributes educational DVDs and brochures. In addition, the OIC maintains a website and a help desk to promote and assist with options education. Included in the educational material presented on its website are options basics, advanced concepts, strategies, trading tools and calculators and market quotes.

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RELATED FAQS
  1. What's the difference between a regular option and an exotic option?

    Before learning about exotic options, you should have a fairly good understanding of regular options. Both types of options ... Read Answer >>
  2. Why do option volume quotes differ on different websites?

    Option quotes are different in price and in volume because identical options can trade on more than one market or exchange. ... Read Answer >>
  3. Do options make more sense during bull or bear markets?

    Understand how options may be used in both bullish and bearish markets, and learn the basics of options pricing and certain ... Read Answer >>
  4. Does the seller (the writer) of an option determine the details of the option contract?

    The quick answer is yes and no. It all depends on where the option is traded. An option contract is an agreement between ... Read Answer >>
  5. What does high open interest tell you about an option?

    Learn about the open interest of options contracts and what a high and a low open interest indicate about the liquidity of ... Read Answer >>
  6. How can derivatives be used to earn income?

    Learn how option selling strategies can be used to collect premium amounts as income, and understand how selling covered ... Read Answer >>
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