To ensure that each component stock continues to represent approximate equal market value, adjustments are made quarterly after the close of trading on the third Friday of January, April, July and October. The minimum trade size is one option contract. Expiration Cycle Three consecutive near-term expiration months plus two successive months from the January cycle. 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 business day following expiration. Position Limits 31,500 contracts on the same side of the market.