Document ID: SEC-2010-0695-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; Proposed Rule Changes: NYSE Amex LLC
Posted Date: 2010-05-11T04:00Z

[Federal Register: May 11, 2010 (Volume 75, Number 90)]
[Notices]               
[Page 26312-26313]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11my10-141]                         

[[Page 26312]]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-62041; File No. SR-NYSEAmex-2010-42]

 
 Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing 
and Immediate Effectiveness of Proposed Rule Change Adding 75 Options 
Classes to the Penny Pilot Program

May 5, 2010.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(the ``Act'')\1\, and Rule 19b-4 thereunder,\2\ notice is hereby given 
that on April 28, 2010, NYSE Amex LLC (``NYSE Amex'' or the 
``Exchange'') filed with the Securities and Exchange Commission (the 
``Commission'') the proposed rule change as described in Items I, II, 
and III below, which Items have been prepared by the self-regulatory 
organization. The Commission is publishing this notice to solicit 
comments on the proposed rule change from interested persons.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to identify the next 75 options classes to be 
added to the Penny Pilot Program for Options (``Penny Pilot'' or 
``Pilot'') on May 3, 2010. There are no changes to the Rule text. A 
copy of this filing is available on the Exchange's Web site at http://
www.nyse.com, at the Exchange's principal office, at the Commission's 
Public Reference Room and on the Commission's Web site at http://
www.sec.gov.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization 
included statements concerning the purpose of, and basis for, the 
proposed rule change and discussed any comments it received on the 
proposed rule change. The text of those statements may be examined at 
the places specified in Item IV below. The Exchange has prepared 
summaries, set forth in Sections A, B, and C below, of the most 
significant parts of such statements.

A. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    NYSE Amex proposes to identify the next 75 options classes to be 
added to the Penny Pilot effective May 3, 2010. The Exchange recently 
filed to extend and expand the Pilot through December 31, 2010.\3\ In 
that filing, the Exchange had proposed expanding the Pilot on a 
quarterly basis to add the next 75 most actively traded multiply listed 
options classes based on national average daily volume for the six 
months prior to selection, closing under $200 per share on the 
Expiration Friday prior to expansion, except that the month immediately 
preceding their addition to the Penny Pilot will not be used for the 
purpose of the six month analysis.\4\
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    \3\ See Exchange Act Release No. 61106 (December 3, 2009) FR 74-
65193 (December 9, 2009) (order approving SR-NYSE Amex 2009-74). The 
Commission notes that this proposed rule change was submitted 
pursuant to Section 19(b)(3)(A)(iii) of the Act and was, therefore, 
effective upon filing. The Commission does not approve proposed rule 
changes submitted pursuant to this section of the Act.
    \4\ Index products would be included in the expansion if the 
underlying index level was under 200.
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    NYSE Amex proposes adding the following 75 options classes to the 
Penny Pilot on May 3, 2010, based on national average daily volume from 
October 1, 2009 through March 31, 2010:

----------------------------------------------------------------------------------------------------------------
 Nat'l ranking         Symbol           Security name       Nat'l ranking       Symbol          Security name
----------------------------------------------------------------------------------------------------------------
153............  XLV                Health Care Select     247...........  JCP               JC Penney Co Inc.
                                     Sector SPDR Fund.
155............  CIEN               Ciena Corp.            248...........  ACL               Alcon Inc.
157............  AMLN               Amylin                 249...........  STP               Suntech Power
                                     Pharmaceuticals Inc.                                     Holdings Co Ltd.
158............  CTIC               Cell Therapeutics      250...........  TLB               Talbots Inc.
                                     Inc.
159............  MDT                Medtronic Inc.         251...........  SYMC              Symantec Corp.
162............  TIVO               TiVo Inc.              253...........  AMED              Amedisys Inc.
163............  MNKD               MannKind Corp.         255...........  TM                Toyota Motor Corp.
171............  MDVN               Medivation Inc.        257...........  HK                Petrohawk Energy
                                                                                              Corp.
176............  BRKB               Berkshire Hathaway     258...........  ENER              Energy Conversion
                                     Inc.                                                     Devices Inc.
178............  APOL               Apollo Group Inc.      259...........  STT               State Street Corp.
181............  BSX                Boston Scientific      260...........  BHP               BHP Billiton Ltd.
                                     Corp.
185............  XLY                Consumer               261...........  NFLX              NetFlix Inc.
                                     Discretionary Sel.
                                     Sec. SPDR Fund.
188............  CLF                Cliffs Natural         262...........  LDK               LDK Solar Co Ltd.
                                     Resources Inc.
190............  ZION               Zions Bancorporation.  263...........  SPG               Simon Property
                                                                                              Group Inc.
194............  IOC                InterOil Corp.         264...........  TIF               Tiffany & Co.
197............  ITMN               InterMune Inc.         265...........  BUCY              Bucyrus
                                                                                              International Inc.
204............  GME                GameStop Corp.         266...........  WAG               Walgreen Co.
209............  XLK                Technology Select      268...........  IP                International Paper
                                     Sector SPDR Fund.                                        Co.
210............  AKS                AK Steel Holding       271...........  XME               SPDR S&P Metals &
                                     Corp.                                                    Mining ETF.
212............  GRMN               Garmin Ltd.            272...........  KGC               Kinross Gold Corp.
213............  MRVL               Marvell Technology     273...........  EP                El Paso Corp.
                                     Group Ltd.
215............  XLP                Consumer Staples       274...........  SEED              Origin Agritech
                                     Select Sector SPDR                                       Ltd.
                                     Fund.
216............  UNP                Union Pacific Corp.    275...........  WIN               Windstream Corp.
220............  DTV                DIRECTV.               279...........  DHI               DR Horton Inc.
223............  WMB                Williams Cos Inc/The.  280...........  ADBE              Adobe Systems Inc.
225............  MEE                Massey Energy Co.      281...........  PCX               Patriot Coal Corp.
227............  CELG               Celgene Corp.          282...........  SPWRA             SunPower Corp.
229............  GMCR               Green Mountain Coffee  284...........  LCC               US Airways Group
                                     Roasters Inc.                                            Inc.
231............  WDC                Western Digital Corp.  285...........  PRU               Prudential
                                                                                              Financial Inc.
234............  DAL                Delta Air Lines Inc.   286...........  LEN               Lennar Corp.
235............  FXE                CurrencyShares Euro    287...........  EWT               iShares MSCI Taiwan
                                     Trust.                                                   Index Fund.

[[Page 26313]]

237............  COST               Costco Wholesale       288...........  KBH               KB Home.
                                     Corp.
239............  MJN                Mead Johnson           289...........  CREE              Cree Inc.
                                     Nutrition Co.
240............  ALL                Allstate Corp/The.     290...........  SIRI              Sirius XM Radio
                                                                                              Inc.
241............  SII                Smith International    291...........  MMR               McMoRan Exploration
                                     Inc.                                                     Co.
242............  RTN                Raytheon Co.           292...........  CENX              Century Aluminum
                                                                                              Co.
243............  DVN                Devon Energy Corp.     293...........  GFI               Gold Fields Ltd.
244............  MT                 ArcelorMittal.
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2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with and furthers the objectives of Section 6(b)(5) of the Act, in that 
it is designed to promote just and equitable principles of trade, 
remove impediments to and perfect the mechanisms of a free and open 
market and a national market system and, in general, to protect 
investors and the public interest, by identifying the options classes 
to be added to the Pilot in a manner consistent with prior approvals 
and filings.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The Exchange does not believe that the proposed rule change will 
impose any burden on competition that is not necessary or appropriate 
in furtherance of the purposes of the Act.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The proposed rule change is effective upon filing pursuant to 
Section 19(b)(3)(A)(i) of the Exchange Act \5\ and Rule 19b-4(f)(1) 
thereunder,\6\ in that it constitutes a stated policy, practice, or 
interpretation with respect to the meaning, administration, or 
enforcement of an existing rule of the Exchange. At any time within 60 
days of the filing of the proposed rule change, the Commission may 
summarily abrogate the rule change if it appears to the Commission that 
the action is necessary or appropriate in the public interest, for the 
protection of investors, or would otherwise further the purposes of the 
Act.
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    \5\ 15 U.S.C. 78s(b)(3)(A)(i).
    \6\ 17 CFR 240.19b-4(f)(1).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views, and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://
www.sec.gov/rules/sro.shtml); or
     Send an e-mail to rule-comments@sec.gov. Please include 
File Number SR-NYSEAmex-2010-42 on the subject line.

Paper Comments

     Send paper comments in triplicate to Elizabeth M. Murphy, 
Secretary, Securities and Exchange Commission, 100 F Street, NE., 
Washington DC 20549-1090.

All submissions should refer to File Number SR-NYSEAmex-2010-42. This 
file number should be included on the subject line if e-mail is used. 
To help the Commission process and review your comments more 
efficiently, please use only one method. The Commission will post all 
comments on the Commission's Internet Web site (http://www.sec.gov/
rules/sro.shtml). Copies of the submission, all subsequent amendments, 
all written statements with respect to the proposed rule change that 
are filed with the Commission, and all written communications relating 
to the proposed rule change between the Commission and any person, 
other than those that may be withheld from the public in accordance 
with the provisions of 5 U.S.C. 552, will be available for Web site 
viewing and printing in the Commission's Public Reference Room, 100 F 
Street, NE., Washington, DC 20549, on official business days between 
the hours of 10 a.m. and 3 p.m. Copies of such filing also will be 
available for inspection and copying at NYSE Amex's principal office 
and on its Web site at http://www.nyse.com. All comments received will 
be posted without change; the Commission does not edit personal 
identifying information from submissions. You should submit only 
information that you wish to make available publicly. All submissions 
should refer to File No. SR-NYSEAmex-2010-42 and should be submitted on 
or before June 1, 2010.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-11134 Filed 5-10-10; 8:45 am]
BILLING CODE 8010-01-P