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OOG |
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Index
Description |
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The ISE Oil & Gas Services Index includes oil and gas drilling contractors, equipment manufacturers and suppliers, and service providers involved in drilling, evaluation and completion of oil and gas wells. |
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Index Multiplier |
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100. The index multiplier means that the options premiums are multiplied by 100 to obtain the actual premium amount. |
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Strike Price Interval |
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Strike price intervals are at least $2.50. |
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Minimum Trading Increments |
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The minimum trading increment for an options contract trading at less than $3.00 is $0.05. The minimum trading increment for an options contract trading at $3.00 or higher is $0.10. |
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Expiration Date |
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Saturday following the third Friday of the expiration month. |
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Expiration Months |
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Four near-term months followed by one additional month from the March quarterly cycle (March, June, September and December). |
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Exercise Style |
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European. Options generally may be exercised only on the last business day before expiration. |
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Last Trading Day |
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Trading will ordinarily cease on the business day (usually a Thursday) preceding the day on which the exercise-settlement value is calculated. |
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Settlement Type |
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A.M., cash settlement |
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Settlement Value Symbol |
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XPK |
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Settlement Value |
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The exercise-settlement value is calculated using the opening (first) reported sales price in the primary market of each component stock on the last business day (usually a Friday) before the expiration date. If a stock in the index does not open on the day in which the exercise-settlement value is determined, the last reported sales price will be used in calculating the exercise-settlement value. The exercise-settlement amount is equal to the difference between the exercise-settlement value and the exercise price of the option, multiplied by $100. Exercise will result in delivery of cash on the business day following expiration. |
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Position and Exercise Limits |
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The position and exercise limits are 31,500 contracts on the same side of the market. Position and Exercise limits are subject to change. |
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Trading Hours |
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9:30 A.M. - 4:00 P.M. Eastern Time (New York time). |