The aggregate value of the stocks was reduced by a divisor to establish an Index benchmark value of 200.00. To ensure that each component stock continues to represent approximate equal market value in the Index, adjustments are made quarterly after the close of trading on the third Friday of February, May, August and November. 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. Additional exercise prices are added as the Index moves. Option Premium Quotations Stated in points and fractions. Settlement Next New York business day following expiration.