Series 7: 5.2.4.4. Premium Increments

Taken from our Series 7 Online Guide

5.2.4.4. Premium Increments

Premiums are not prescribed by the OCC. These are negotiated on the exchange. However, OCC does dictate the minimum price variation allowed. For options trading below $3, the minimum price variation is $0.05. Premiums above $3.00 allow a minimum price increment or decrement of $0.10.

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