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 dollars and cents. Settlement Next New York business day following expiration. Position Limits 31,500 contracts on the same side of the market. Deutsche Bank Energy Index options are not sponsored by Deutsche Bank and Deutsche Bank does not guarantee the accuracy or completeness of the Index or make any warranty, express or implied, as to results to be obtained by anyone in connection with the use of the Index and further disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Index.