10/03/2005
Trading Unit: New York Harbor Gasoline Blendstock (RBOB) Gasoline Call Options (OB) exercise into a long underlying futures contract at the strike price. On expiration day, a Put Option exercises into a short underlying futures contract at the strike price.
Exercise Style: The options are "American Style" (Exercise can occur any business day prior to Expiration).
Expiration Date: Three Business Days immediately preceding expiration of a long underlying New York Harbor Gasoline Blendstock (RBOB) Gasoline futures contract.
Option Months to be Traded: There will initially be 12 consecutive monthly contracts. They will begin with the January 2006 and go through December 2006 Contract. Thereafter, as each new New York Harbor Blendstock (RBOB) Unleaded Gasoline futures contracts is listed, an additional associated option contract will be listed.
Strike Price Intervals:
(1) Narrow Interval for Strike Prices will be listed at $.0100 intervals. They will be listed 20 above and below the at-the-money option
(2) Wide Interval for Strike Prices will be listed at $.05 intervals. They will be listed five above the highest $.01 increment and five below the lowest $.01 increment.
Minimum Price Increment: $.0001/gal
Clearing and Transaction Fees: Identical to other floor traded options