Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management.

• 1. Introduction. 2. The Institutional Options Revolution. 3. Applications of Equity FLEX Options. 4. Equity FLEX Options and Corporate Stock Repurchase Programs. 5. The Economics of Synthetic Stock Based on Equity FLEX Options. 6. Equity FLEX Procedures. Appendix A. Terms Used in Equity FLEX Transactions. Appendix B. When Will It Be Possible to Customize Call Strike Prices? Index.

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management.

• 1. Introduction. 2. The Institutional Options Revolution. 3. Applications of Equity FLEX Options. 4. Equity FLEX Options and Corporate Stock Repurchase Programs. 5. The Economics of Synthetic Stock Based on Equity FLEX Options. 6. Equity FLEX Procedures. Appendix A. Terms Used in Equity FLEX Transactions. Appendix B. When Will It Be Possible to Customize Call Strike Prices? Index.

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and Adjunct Professor of Finance at Yale University's School of Management.

• 1. Introduction. 2. The Institutional Options Revolution. 3. Applications of Equity FLEX Options. 4. Equity FLEX Options and Corporate Stock Repurchase Programs. 5. The Economics of Synthetic Stock Based on Equity FLEX Options. 6. Equity FLEX Procedures. Appendix A. Terms Used in Equity FLEX Transactions. Appendix B. When Will It Be Possible to Customize Call Strike Prices? Index.