NYSE Amex Options - The Amex Mini-Natural Gas Index Option Specifications Symbol: MNG

Description of Index The Amex Mini-Natural Gas Index was created on 4/28/2008. It is 1/10 of the Amex Natural Gas Index (XNG) value.
For a complete description of XNG, click here.

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 value of the Index and the strike price of the contract multiplied by $100.

Exercise Price Intervals Exercise (strike) prices are set at $5 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 and $0.10 (dime) for series trading $3 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 315,000 contracts on the same side of the market.

Minimum Customer Margin
for Uncovered Writers Premium plus 20% of the aggregate Index value (Index value x $100) minus the amount by which the option is out-of-the-money, if any. The minimum margin is premium plus 1% 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 MNG

Final Settlement Value Symbol RJY


Description of Index	The Amex Mini-Natural Gas Index was created on 4/28/2008. It is 1/10 of the Amex Natural Gas Index (XNG) value. For a complete description of XNG, click here.
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 value of the Index and the strike price of the contract multiplied by $100.
Exercise Price Intervals	Exercise (strike) prices are set at $5 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 and $0.10 (dime) for series trading $3 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	315,000 contracts on the same side of the market.
Minimum Customer Margin for Uncovered Writers	Premium plus 20% of the aggregate Index value (Index value x $100) minus the amount by which the option is out-of-the-money, if any. The minimum margin is premium plus 1% 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	MNG
Final Settlement Value Symbol	RJY