Which statement is correct if mistrade application is submitted within 30 minutes after the conclusion of a transaction?

The statement regarding option transactions in the opening auction accurately captures the procedures associated with mistrade applications. When a mistrade application is submitted within 30 minutes after the conclusion of a transaction, the benefited individual has the flexibility to choose between cancellation and price correction for option transactions that occurred during the opening auction. This allows for a more tailored response to the specific circumstances of the transaction, which is crucial in ensuring that market integrity and accuracy are maintained.

In the context of this process, allowing the benefited participant to choose between these two options enables them to opt for a solution that best addresses their interests while also conforming to the regulations set for such transactions. This nuanced approach recognizes the complexities of trading environments and provides participants with the tools they need to rectify issues promptly and effectively.