Symbol |
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EUI |
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FX
Description |
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The underlying value for ISE FX Options on the exchange rate USD/EUR. The underlying value represents the exchange rate between the US dollar (base currency) and the euro (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 options contract trading at less than $3.00 is $0.05. The minimum trading increment for an options contract trading at $3.00 or higher is $0.10. |
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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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HAX |
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Settlement Value |
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Determined on the last trading day (usually a Friday) based on “Noon Buying Rates” as published by the Federal Reserve Bank of New York (http://www.ny.frb.org/markets/fxrates/noon.cfm). |
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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). |