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