$1 Strike Price Program:
CBOE may select up to 10 individual stocks on which option series may be listed at $1 strike price intervals where the strike price is greater than $3 to but less than $50. Additionally, no $1 strike price may be listed that is greater than $5 from the underlying stocks closing price in its primary market on the previous day, and CBOE is restricted from listing any series that would result in strike prices being $0.50 apart. To view a list of the classes currently in the $1 strike price program, click here (Acrobat file).
$2.50 Strike Price Program:
CBOE may select up to 60 individual stocks on which option series may be listed at $2.50 strike price intervals where the strike price is greater than $25 but less than $50. Additionally, CBOE may list $2.50 strike prices between $50 and $75, provided the $2.50 strike prices between $50 and $75 are no more than $10 from the closing price of the underlying stock in its primary market on the preceding day. To view a list of the classes currently in the $2.50 strike price program, click here (Acrobat file).
Options involve risk and are not suitable for all
investors. Prior to buying or selling an option, a person must receive a copy
of Characteristics and Risks of Standardized
Options (ODD). Copies of the ODD are available from your broker, by
calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North
Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this
website is provided solely for general education and information purposes and
therefore should not be considered complete, precise, or current. Many of the
matters discussed are subject to detailed rules, regulations, and statutory
provisions which should be referred to for additional detail and are subject to
changes that may not be reflected in the website information. No statement
within the website should be construed as a recommendation to buy or sell a
security or to provide investment advice. The inclusion of non-CBOE
advertisements on the website should not be construed as an endorsement or an
indication of the value of any product, service, or website. The
Terms and Conditions govern use of this website and use of this website
will be deemed acceptance of those Terms and Conditions.
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