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Symbol
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EUU
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FX Description
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The underlying value for ISE FX Options on the exchange rate EUR/USD. The underlying
value represents the exchange rate between the euro (base currency) and the US dollar
(counter currency) times 100.
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Rate Modifier
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100
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Premium Multiplier
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$100. The multiplier means that the options premiums are multiplied by $100 to obtain
the actual premium amount.
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Strike Price Interval
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Strike price increments are $0.10 minimum, but in most cases $0.50.
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Minimum Trading Increments
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The minimum trading increment for an FX options contract is $0.01.
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Expiration Date
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Saturday following the third Friday of the expiration month.
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Expiration Months
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Up to four near-term months followed by up to four additional months from the March
quarterly cycle (March, June, September and December). Up to ten long-term months,
none further out than thirty-six
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Exercise Style
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European style. Options may be exercised only on the last trading day (usually a
Friday). Writers are subject to assignment only at expiration.
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Last Trading Day
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Trading will ordinarily cease at 12:00 PM Eastern Time on the business day (usually
a Friday) preceding the expiration day.
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Settlement Type
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Cash settlement
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Settlement Value Symbol
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EYW
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Settlement Value
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Determined on the last trading day (usually a Friday) based on WM Intra-Day Spot
Rate corresponding to 12 noon New York time.
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Position and Exercise Limits
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The position and exercise limits are 1,200,000 contracts on the same side of the
market. Position and Exercise limits are subject to change.
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Trading Hours
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9:30 A.M. - 4:15 P.M. Eastern Time (New York time).
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