Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | E-mini S&P 500 Options Expanded Contract Listing and Strike Price Listing Rule Change - Effective Sunday, January 20, 2008
Notice Date | 2008-01-10
Notice Number | Q2008-005
Effective Date | 2008-01-20
Effective Sunday, January 20, 2008 (trade date Monday, January 21, 2008), CME Group will add an additional serial month contract, bringing the total contract listings to three serial and four March quarterly cycle options. Current listing rules state two serial and four March quarterly cycle contracts will be listed for trading. Additionally, the strike price listing rules for E-mini S&P 500 Options will change as detailed in the table below.
E-mini S&P 500 Options Strike Listing Rules
Strike Interval | Current Listing Rules | New Listing Rules
5 basis points | At-The-Money ± 25 | At-The-Money ± 10%
10 basis points | At-The-Money ± 75 | At-The-Money ± 20%
25 basis points | At-The-Money ± 125 | At-The-Money ± 50%