| Symbol |
|
MID
|
| Index Description |
|
The Standard & Poors MidCap 400 Index measures the performance of the mid-range sector of the U.S. stock market. The Index is based on 400 stocks chosen on the basis of market capitalization, liquidity and industry group representation. The S&P; MidCap Index is market value (capitalization) weighted. The MidCap Index was introduced on June 19, 1991. This is a test to verify Index Description is not used in the Profile area.
|
| Index Multiplier |
|
The index multiplier means that the options premiums are multiplied by 100 to obtain the actual premium amount.
|
| Strike Price Interval |
|
The strike price interval is $10.00
|
| Minimum Trading Increments |
|
Stated in dollars and cents. Minimum price variant $0.05 (nickel) for series trading under $3.00 and $0.10 (dime) for series trading $3.00 and above.
|
| Expiration Date |
|
Saturday following the third Friday of the expiration month.
|
| Expiration Months |
|
Up to three near-term months followed by three additional months from the March quarterly cycle (March, June, September and December).
|
| Exercise Style |
|
European style. Options may be exercised only on the last business day prior to expiration (normally a Friday). Writers are subject to assignment only at expiration. Check with your broker to ascertain cut-off times for exercise and provisions for automatic exercise.
|
| Last Trading Day |
|
Two business days prior to expiration (normally a Thursday).
|
| Settlement Type |
|
Next business day following expiration.
|
| Settlement Value Symbol |
|
MIV
|
| Settlement Value |
|
Determined on the last business day prior to expiration, based on the first (opening) reported sale price for each component stock.
|
| Position and Exercise Limits |
|
45,000 contracts on the same side of the market, provided that no more than 25,000 of such contracts are in the nearest expiration month series.
|
| Trading Hours |
|
9:30 a.m. to 4:15 p.m., New York time.
|
