Description of Index	The Inter@ctive Week Internet Index (IIX) is a modified market capitalization weighted index designed to measure a cross section of companies involved in providing internet infrastructure and access, developing and marketing internet content and software, and conducting business over the internet. The Inter@ctive Week Internet Index was developed by the NYSE Alternext US and Ziff-Davis Publishing.
Components	For Index components click here.
Trading Unit	The minimum trade size is one option contract. The notional value underlying each contract equals $100 multiplied by the Index value.
Expiration Cycle	Three consecutive near-term expiration months plus two successive months from the January cycle.
Expiration	The Saturday following the third Friday of the expiration month.
Last Trading Day	Two business days prior to expiration (normally a Thursday).
Exercising Options	European style. Options may be exercised only on the last business day prior to expiration (normally a Friday). Writers are subject to assignment only at expiration. Check with your broker to ascertain cut-off times for exercise and provisions for automatic exercise.
Delivery Method if Exercised	Cash settlement based on the dollar difference between the final settlement valuation of the Index and the strike price of the contract multiplied by $100.
Exercise Price Intervals	Exercise (strike) prices are set at $5.00 intervals, bracketing the current value of the Index, when the Index is above 200. If the Index is below 200, the interval will be $2.50.
Option Premium Quotations	Stated in dollars and cents. Minimum price variant $0.05 (nickel) for series trading under $3.00 and $0.10 (dime) for series trading $3.00 and above.
Index Settlement Value	Determined on the last business day prior to expiration, based on the first (opening) reported sale price for each component stock.
Settlement of Exercise	Next business day following expiration.
Position Limits	31,500 contracts on the same side of the market.
Minimum Customer Margin for Uncovered Writers	100% of the market value of the option plus 20% of the aggregate Index value less any out-of-the-money amount, subject to a minimum of 100% of the market value of the option plus 10% of the aggregate Index value.
Trading Hours	9:30 a.m. to 4:00 p.m., New York time.
Trading System	Specialist/Registered Options Trader.
Trading Symbol	IIX
Final Settlement Value Symbol	IIV
Inter@ctive Week Enterprises does not calculate the Inter@ctive Week Internet Index. Inter@ctive Week Internet Index options are not sponsored by Inter@ctive Enterprises and Inter@ctive Enterprises does not guarantee, nor is Inter@ctive Enterprises liable in any way, for the accuracy or completeness of the Index or make any warranty, express or implied, as to results to be obtained by anyone in connection with the use of the Index or Inter@ctive Week Internet Index options and further disclaims all warranties of merchantability or fitness for a particular purpose with respect to the Index or Inter@ctive Week Internet Index options. Inter@ctive Enterprises also assumes no liability or obligation in connection with the trading of Inter@ctive Week Internet Index options.