NYSE Amex Options - The Russell 2000 Index Option Specifications Symbol: RUT

Description of Index The Russell 2000 Index (RUT) measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index. The index is market cap-weighted and include only common stocks incorporated in the United States and its territories.

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 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 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 There is no position limit for option contracts overlying the Russell 2000 Index.

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 RUT

Final Settlement Value Symbol RLS


Description of Index	The Russell 2000 Index (RUT) measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index. The index is market cap-weighted and include only common stocks incorporated in the United States and its territories.
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 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 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	There is no position limit for option contracts overlying the Russell 2000 Index.
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	RUT
Final Settlement Value Symbol	RLS