Document ID: SEC-2009-1598-0001
Agency: sec
Document Type: Notice
Title: Self-Regulatory Organizations; NYSE Amex LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Add 75 Options Classes to the Penny Pilot Program
Posted Date: 2009-11-12T05:00Z

[Federal Register: November 12, 2009 (Volume 74, Number 217)]
[Notices]               
[Page 58351-58354]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12no09-120]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-60939; File No. SR-NYSEAmex-2009-79]

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

November 4, 2009.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 (the ``Act''),\2\ and Rule 19b-4 thereunder,\3\ notice is hereby 
given that, on November 3, 2009, NYSE Amex LLC (``NYSEAmex'' 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\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.

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[[Page 58352]]

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 November 2, 2009. 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 and at the 
Commission's Public Reference Room.

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 the 
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 November 2, 2009. The Exchange 
recently filed to extend and expand the Pilot through December 31, 
2010.\4\ In that filing, the Exchange had proposed expanding the Pilot 
on a quarterly basis to add the next 75 most actively traded multiple 
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.\5\
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    \4\ See SR-NYSEAmex-2009-74, filed October 26, 2009.
    \5\ 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 November 2, 2009, based on national average daily volume 
from April 1, 2009 through September 30, 2009:

------------------------------------------------------------------------
         Nat'l ranking                Symbol            Company name
------------------------------------------------------------------------
118...........................  ABX..............  Barrick Gold Corp.
48............................  AXP..............  American Express Co.
134...........................  AUY..............  Yamana Gold Inc.
93............................  BA...............  Boeing Co/The.
115...........................  BBT..............  BB&T Corp.
111...........................  BBY..............  Best Buy Co Inc.
94............................  BP...............  BP PLC.
67............................  CHK..............  Chesapeake Energy
                                                    Corp.
58............................  CIT..............  CIT Group Inc.
78............................  COF..............  Capital One Financial
                                                    Corp.
68............................  CVX..............  Chevron Corp.
130...........................  DE...............  Deere & Co.
104...........................  DOW..............  Dow Chemical Co/The.
49............................  DRYS.............  DryShips Inc.
88............................  EFA..............  iShares MSCI EAFE
                                                    Index Fund.
64............................  ETFC.............  E*Trade Financial
                                                    Corp.
32............................  EWZ..............  iShares MSCI Brazil
                                                    Index Fund.
25............................  FAS..............  Direxion Daily
                                                    Financial Bull 3X
                                                    Shares.
33............................  FAZ..............  Direxion Daily
                                                    Financial Bear 3X
                                                    Shares.
112...........................  FITB.............  Fifth Third Bancorp.
70............................  FSLR.............  First Solar Inc.
26............................  FXI..............  iShares FTSE/Xinhua
                                                    China 25 Index Fund.
82............................  GDX..............  Market Vectors--Gold
                                                    Miners ETF.
127...........................  GG...............  Goldcorp Inc.
18............................  GLD..............  SPDR Gold Trust.
129...........................  HGSI.............  Human Genome Sciences
                                                    Inc.
62............................  HIG..............  Hartford Financial
                                                    Services Group Inc.
72............................  HPQ..............  Hewlett-Packard Co.
59............................  IBM..............  International
                                                    Business Machines
                                                    Corp.
45............................  IYR..............  iShares Dow Jones US
                                                    Real Estate Index
                                                    Fund.
105...........................  JNJ..............  Johnson & Johnson.
131...........................  JNPR.............  Juniper Networks Inc.
98............................  KO...............  Coca-Cola Co/The.
39............................  LVS..............  Las Vegas Sands Corp.
87............................  MCD..............  McDonald's Corp.
71............................  MGM..............  MGM Mirage.
113...........................  MON..............  Monsanto Co.
63............................  MOS..............  Mosaic Co/The.
120...........................  MRK..............  Merck & Co Inc/NJ.
35............................  MS...............  Morgan Stanley.
73............................  NLY..............  Annaly Capital
                                                    Management Inc.
99............................  NOK..............  Nokia OYJ.
121...........................  NVDA.............  Nvidia Corp.
80............................  ORCL.............  Oracle Corp.
61............................  PALM.............  Palm Inc.
37............................  PBR..............  Petroleo Brasileiro
                                                    SA.
85............................  PG...............  Procter & Gamble Co/
                                                    The.

[[Page 58353]]

41............................  POT..............  Potash Corp of
                                                    Saskatchewan Inc.
74............................  RF...............  Regions Financial
                                                    Corp.
124...........................  RIG..............  Transocean Ltd.
132...........................  RMBS.............  Rambus Inc.
103...........................  S................  Sprint Nextel Corp.
83............................  SDS..............  ProShares UltraShort
                                                    S&P500.
122...........................  SKF..............  ProShares UltraShort
                                                    Financials.
107...........................  SLB..............  Schlumberger Ltd.
91............................  SLV..............  iShares Silver Trust.
84............................  SRS..............  ProShares UltraShort
                                                    Real Estate.
119...........................  SSO..............  ProShares Ultra
                                                    S&P500.
101...........................  STI..............  SunTrust Banks Inc.
125...........................  SVNT.............  Savient
                                                    Pharmaceuticals Inc.
92............................  TBT..............  ProShares UltraShort
                                                    20+ Year Treasury.
14............................  UNG..............  United States Natural
                                                    Gas Fund LP.
117...........................  UNH..............  UnitedHealth Group
                                                    Inc.
110...........................  UPS..............  United Parcel Service
                                                    Inc.
81............................  USB..............  US Bancorp.
44............................  USO..............  United States Oil
                                                    Fund LP.
60............................  UYG..............  ProShares Ultra
                                                    Financials.
96............................  V................  Visa Inc.
10............................  WFC..............  Wells Fargo & Co.
133...........................  WYNN.............  Wynn Resorts Ltd.
52............................  X................  United States Steel
                                                    Corp.
114...........................  XHB..............  SPDR S&P Homebuilders
                                                    ETF.
86............................  XLI..............  Industrial Select
                                                    Sector SPDR Fund.
79............................  XLU..............  Utilities Select
                                                    Sector SPDR Fund.
54............................  XRT..............  SPDR S&P Retail ETF.
------------------------------------------------------------------------

2. Statutory Basis
    The Exchange believes 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 mechanism 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) \6\ of the Act and Rule 19b-4(f)(1) \7\ 
thereunder, 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.
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    \6\ 15 U.S.C. 78s(b)(3)(A)(i).
    \7\ 17 CFR 240.19b-4(f)(1).
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    At any time within 60 days of the filing of the proposed rule 
change, the Commission may summarily abrogate such rule change if it 
appears to the Commission that such action is necessary or appropriate 
in the public interest, for the protection of investors, or otherwise 
in furtherance of the purposes of the Act.\8\
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    \8\ See 15 U.S.C. 78s(b)(3)(C).
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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-2009-79 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-2009-79. 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 inspection 
and copying in the Commission's Public Reference Room, 100 F Street, 
NE., Washington, DC 20549-1090 on official business days between the 
hours of 10 a.m. and 3 p.m. Copies of the filing also will be available 
for inspection and copying at NYSE Amex's principal office and on its 
Internet Web site at http://www.nyse.com. All comments received will be 
posted without change; the

[[Page 58354]]

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 Number SR-
NYSEAmex-2009-79 and should be submitted on or before December 3, 2009.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\9\
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    \9\ 17 CFR 200.30-3(a)(12).
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Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-27091 Filed 11-10-09; 8:45 am]

BILLING CODE 8011-01-P