Definition of 'OEX'
The OEX was created in 1983 by the Chicago Board Options Exchange (CBOE). The index is based on the prices of the 125 stocks that are most actively traded on the CBOE. The OEX is a price-weighted index, which means that the companies with the highest stock prices have the largest weightings in the index.
The OEX is a popular index for trading options. Options are contracts that give the buyer the right to buy or sell a stock at a certain price on a certain date. Options are often used to hedge against risk or to speculate on the future price of a stock.
The OEX is a good index for investors who want to track the performance of the U.S. stock market. The index is also a good index for investors who want to trade options.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.