Lookalike Swaps & Options

Also known as Plain Vanilla Options or Swaps, these are SXM’s most basic OTC product. Lookalike options offer similar optionality features as their exchange-traded equivalents regarding strike, expiration date, and premium. They are also fungible with exchange-traded products. For certain qualified customers, SXM’s initial and variation margin thresholds can, in some cases, act as financing.

Following are examples of common Lookalikes:

  • Producer Short Swap
  • Producer Lookalike Short Call
  • Producer Lookalike Long Put
  • Producer Lookalike Collar
  • Producer Lookalike 3 way
  • Consumer Long Swap
  • Consumer Lookalike Short Put
  • Consumer Lookalike Long Call
  • Consumer Lookalike Collar
  • Consumer Lookalike 3 way

 Learn about our Options Calculator

 


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Trading over-the-counter and exchange-traded derivatives is not suitable for all investors and involves substantial risk.  StoneX Markets, LLC (“SXM”), a subsidiary of StoneX Group Inc., is a member of the National Futures Association and provisionally registered with the U.S. Commodity Futures Trading Commission (“CFTC”) as a swap dealer.  SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM.  Any recipient of this material who wishes to express an interest in trading with SXM must first prequalify as an ECP, independently determine that derivatives are suitable for them and be accepted as a customer of SXM.  Trading over-the-counter (“OTC”) products or “swaps” involves substantial risk of loss. This is not an offer to buy or sell any derivative. This material does not constitute investment research and does not take into account the particular investment objectives, financial situations, or needs of individual clients or recipients of this material.  You are directed to seek independent investment and tax advice in connection with derivatives trading.

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