Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Revised Strike Price Listing Rules for CME E-mini NASDAQ 100 Options - Effective Sunday, June 17, 2007
Notice Date | 2007-05-29
Notice Number | Q2007-140
Effective Date | 2007-06-17
Effective Sunday, June 17, 2007, the CME E-mini NASDAQ 100 Options Strike Price Listing Rules will change. The revised rules will be implemented as follows: Beginning on Sunday, June 17, 2007 , any new CME E-mini NASDAQ 100 Options will be listed with strike prices in 10 Index point increments and with an expanded listing range of at-the-money +/- 7.5% of the referencing index (this is the same referencing index that is used to determine the listing range for the CME NASDAQ 100 options contract); Current CME E-mini NASDAQ 100 Option strike prices are in 25 and 5 Index Point increments, within a range of ATM +/- 100 Index points. The 5 Index point strikes apply to only the nearest two contract months; After June 15, 2007, the listing of additional E-mini NASDAQ 100 Options with 25 and/or 5-point interval strike prices will be discontinued for all existing and new contract months. Contract months bearing the 25 and 5 Index point increments that are currently listed are: June ’07 Aug ‘07 July ‘07 Sept ‘07 · For the contracts named above, currently listed 25 and 5 Index point strike prices will continue to remain available until they expire. · Also discontinued will be the Exchange listing of option butterfly spreads (NQ:BO). · To trade option butterflies, User Defined Spreads should be created and traded.