The MidCap Index was introduced on June 19, 1991. The Index is composed of stocks in four broad market sectors. The minimum trade size is one option contract. The Saturday following the third Friday of the expiration month. Limited Exercise of Options European style.
Writers are subject to assignment only at expiration.
Check with your broker to ascertain cut-off times for exercise and provisions for automatic exercise. If the Index is below 200, the interval will be 2 points. Option Premium Quotations Stated in points and fractions. Settlement Next New York business day following expiration. Position Limits 45,000 contracts on the same side of the market, provided no more than 25,000 of such contracts are in the nearest expiration month series.