The aggregate value of the stocks was reduced by a divisor to establish the benchmark value of 100. To ensure that each component continues to represent approximately equal market value in the Index, adjustments, if necessary, are made quarterly after the close of trading on the third Friday of March, June, September and 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. 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 New York business day following expiration. Position Limits 31,500 contracts on the same side of the market.