NYSE Amex Options - The Mini-Nasdaq-100 Index Option Specifications Symbol: MNX

Description of Index The Mini-Nasdaq-100 Index is based on 1/10th the value of the Nasdaq-100 Index (NDX). NDX is a modified capitalization weighted index composed of 100 of the largest non-financial securities listed on the Nasdaq Stock Market. The index was created in 1985 with a base value set to 250 on February 1 of that year. After reaching a level of nearly 800 on December 31, 1993, the index level was halved on January 3, 1994.

Components The Mini-Nasdaq-100 Index.

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 three successive months from the March 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 $5.00 intervals.

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 The exercise settlement value for MNX options, XMS, is computed by dividing the NDX settlement value, NDS, by a factor of 10.

Settlement of Exercise Next business day following expiration.

Position Limits 750,000 contracts, must be aggregrated with the NASDAQ Non-FINCL 100 Index Option (NDX). 1 NDX option equals 10 MNX options.

Minimum Customer Margin For Uncovered Writers 100% of the market value of the option plus 15% 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 4:15 p.m., New York time.

Trading System Specialist/Registered Options Trader.

Trading Symbol MNX


Description of Index	The Mini-Nasdaq-100 Index is based on 1/10th the value of the Nasdaq-100 Index (NDX). NDX is a modified capitalization weighted index composed of 100 of the largest non-financial securities listed on the Nasdaq Stock Market. The index was created in 1985 with a base value set to 250 on February 1 of that year. After reaching a level of nearly 800 on December 31, 1993, the index level was halved on January 3, 1994.
Components	The Mini-Nasdaq-100 Index.
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 three successive months from the March 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 $5.00 intervals.
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	The exercise settlement value for MNX options, XMS, is computed by dividing the NDX settlement value, NDS, by a factor of 10.
Settlement of Exercise	Next business day following expiration.
Position Limits	750,000 contracts, must be aggregrated with the NASDAQ Non-FINCL 100 Index Option (NDX). 1 NDX option equals 10 MNX options.
Minimum Customer Margin For Uncovered Writers	100% of the market value of the option plus 15% 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 4:15 p.m., New York time.
Trading System	Specialist/Registered Options Trader.
Trading Symbol	MNX