Data Tag: AM.OP/1

Choose from Eligible For Covered Options

Required field for option processing of Covered Calls.

Specifies whether account is eligible for option trading of covered options.

Works with field OP/2 to determine if pledging of underlying security is required for Sell to Open of an Equity Call option. See Pledging Rules in function OPW.

Default is N.

Data Tag: AM.OP/2

Choose from Eligible For Uncovered Options

Required field for option processing of Uncovered Calls.

Specifies whether account is eligible for option trading of uncovered options.

Field OP/1 must equal Y (yes) for this field to apply.

Fields OP/2 equals Y and field OP/1 equals Y indicates that account is eligible for uncovered option trading, therefore pledging is optional for Sell to Open of an Equity Call option. The Shares to Pledge field of function OPW does not require an entry.

Field OP/2 equals N and field OP/1 equals Y indicates that account is not eligible for uncovered option trading. Underlying security must be pledged in order to complete a Sell to Open of an Equity Call option. Shares to Pledge field becomes mandatory.

Default is N.

Data Tag: AM.OP/3

Choose from Do Not Auto Expire

Specifies whether to create auto expiration entries for selected account.

Task OPE does not create auto expiration entries for account.

Task OPE creates auto expiration entries for account.

Default is N.

NOTE: For institutional processing, the Auto Expiration field in function MIPT must be defined as Y (yes) for field OP/3 to apply.

Petrodata Management Systems (PETRO) Group

Account Master

Petrodata Management Systems Group[*]

Field

Name/Format

Description