Chapter 1009
Silver Weekly Option
1009100.

SCOPE OF CHAPTER
This chapter is limited in application to weekly put and call options on the Silver Futurescontract. In addition to the Rules of this chapter, transactions in the Silver Weekly MondayOption, Silver Weekly Tuesday Option, Silver Weekly Wednesday Option, Silver Weekly
Thursday Option and Silver Weekly Friday Option contracts shall be subject to the general
Rules of the Exchange insofar as applicable.

1009101.

OPTION CHARACTERISTICS
The number of weeks open for trading at a given time shall be determined by the Exchange.
1009101.A. Trading Schedule
The hours of trading for these contracts shall be determined by the Exchange.
1009101.B. Trading Unit
A Silver Weekly call option traded on the Exchange represents an option to assume a longposition in the closest to expiry of a non-spot March, May, July, September, or December
Silver Futures contract, unless such expiration day is after the expiry of the associated monthly
option for those months. In such case, the contract will be exercisable into a future in thesecond closest to expiry March, May, July, September, or December Silver Futures contract.
A Silver Weekly put option traded on the Exchange represents an option to assume a shortposition in the closest to expiry of a non-spot March, May, July, September, or December
Silver Futures contract, unless such expiration day is after the expiry of the associated monthlyoption for those months. In such case, the contract will be exercisable into a future in thesecond closest to expiry March, May, July, September, or December Silver Futures contract.
1009101.C. Price Increments
Prices shall be quoted in dollars and cents per ounce and prices shall be in multiples of $0.001
per troy ounce. The minimum price increment will be $0.001.
1009101.D. Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels,
are set forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shallapply to the Market Regulation Department on forms provided by the Exchange, and theMarket Regulation Department may grant qualified exemptions in its sole discretion.
Refer to Rule 559 for requirements concerning the aggregation of positions and allowable
exemptions from the specified position limits.
1009101.E. Termination of Trading
Silver Weekly Monday Option
Options will expire at the close of trading on a Monday schedule. If such Monday is an
Exchange holiday, the weekly option will not be listed for trading.
Silver Weekly Tuesday Option
Options will expire at the close of trading on a Tuesday schedule. If such Tuesday is an
Exchange holiday, the weekly option will not be listed for trading.
Silver Weekly Wednesday Option
Options will expire at the close of trading on a Wednesday schedule. If such Wednesday is an
Exchange holiday, the weekly option will not be listed for trading.
Silver Weekly Thursday Option
Options will expire at the close of trading on a Thursday schedule. If such Thursday is an
Exchange holiday, the weekly option will not be listed for trading.
Silver Weekly Friday Option
Options will expire at the close of trading on a Friday schedule. If such Friday is an Exchange
holiday, the weekly option will not be listed for trading1009101.F. Type Option
The option is an American-style option which can be exercised on any Business Day prior toand until expiration day.
1009101.G. Special Price Fluctuation Limits
At the commencement of each trading day, the contract shall be subject to special fluctuation
limits as set forth in Rule 589 and in the Special Price Fluctuation Limits Table in theInterpretations & Special Notices Section of Chapter 5.

1009102.

EXERCISE PRICES AND CHARACTERISTICS
Transactions shall be conducted for option contracts as set forth in Rule 300.20.