In Regards to FLEX Options, Which of the Below Statements

Multiple Choice

In regards to FLEX options, which of the below statements is TRUE?

A) A FLEX option is an option contract with some terms that have been customized and is traded on an options exchange and cleared and guaranteed by the associated clearinghouse for the exchange.
B) A FLEX option cannot be created for individual stocks, stock indexes, and Treasury securities.
C) The development of the FLEX option is a response to the declining over-the-counter market.
D) The FLEX option represents a disconnection between listed options and OTC products.