| Notice to Members |
| Notice No. 313 08/20/2004 |
| Expansion of Trading Months for Crude Oil Calendar Spread Options |
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| Please be advised that beginning Friday, August 20, 2004, the Exchange will list two additional expiration months on its Crude Oil Calendar Spread Option Contracts. Beginning that day, there will be an option listed on the spread between the second nearby June Futures and the third nearby December futures and the third nearby December futures and the third nearby June futures. As of this date, Crude Oil Calendar Spread Options will be listed on all adjacent June-December and December-June spreads through June 2007. Under current listings, this will involve options on the spread between the June 2006 and December 2006 and the December 2006 and June 2007 Crude Oil contracts.
This will be in addition to the current listings of 25 consecutive options on one-month spreads. The Options on Spreads between the first and third nearby months, the first and fourth nearby months, and the second and fourth nearby months, as well as the spreads between first nearby June - first nearby December, first nearby December - first nearby June, and the first nearby March - second nearby March, the first nearby June - second nearby June, the first nearby September - second nearby September, and all one year December spread options will continue to be listed for Crude Oil Calendar Spread Options. |
| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |