The aggregate value of the stocks was reduced by a divisor to establish the benchmark Index value of 250.00 at the market close on Dec. 20, 1996. The minimum trade size is one option contract. Expiration Cycle Three near-term months plus the two nearest term expiration months in the March 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.
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 31,500 contracts on the same side of the market. Inc. All Rights Reserved.