To ensure that each component continues to represent approximately equal market value in the Index, adjustments, if necessary, are made annually after the close of trading on the third Friday of December. The minimum trade size is one option contract. Expiration Cycle Three consecutive near-term expiration months plus two successive months from 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.
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 dollars and cents. Settlement Next New York business day following expiration. Position Limits 63,000 contracts on the same side of the market.