N.J. Admin. Code § 17:16-85.1
Current through Register Vol. 56, No. 24, December 18, 2024
The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise:
"Put options" mean put options, including index-based put options, purchased or written for securities, assets, or foreign currencies permissible for investment in the eligible fund.
"Put spreads" mean the purchase of put options on particular underlying securities, assets, or foreign currencies permissible for investment in the eligible fund, with the simultaneous writing of put options on the same underlying securities, assets, or currencies, at a lower strike price.
N.J. Admin. Code § 17:16-85.1
See: 33 N.J.R. 372(b), 33 N.J.R. 1115(a).
In section name, deleted "; covered call options".
Amended by R.2006 d.317, effective 9/5/2006.
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Section was "Definition". Rewrote the section.
Amended by R.2011 d.223, effective 8/15/2011.
See: 43 N.J.R. 1242(a), 43 N.J.R. 2193(a).
Substituted definition "Put options" for definition "Covered put options"; rewrote definition "Put options"; and added definition "Put spreads".
Recodified from N.J.A.C. 17:16-45.1 and amended by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
In definitions "Put options" and "Put spreads", deleted "shall" preceding "mean", and inserted a comma following "assets" throughout; and in definition "Put options", inserted a comma following the second occurrence of "options".