|
|
|
||||||||||||||||
| The American Stock Exchange trades Fixed Return Options (FRO's) on a number of securities. Fixed Return Options (FROs) are exchange traded binary or "cash or nothing" options based on an underlying security such as a stock or ETF. There are two types of FROs: Finish High FROs and Finish Low FROs. At expiration, an in-the-money FRO pays the holder of the option $100.00 per contract. For example, the holder of the XYZ June 20 Finish High FRO would receive $100.00 at expiration if the Amex FRO Settlement Index(SM) on the last trading day prior to expiration for XYZ was $20.01 or higher. If the Amex FRO Settlement Index(SM) closed at $20.00 or lower, the holder of the XYZ June 20 Finish High FRO would receive $0.00. | |||
Contract Specification  | |||
|---|---|---|---|
 | |||
| Underlying Name | Symbol | Amex FRO Settlement Index Symbol(s) | Option Chain |
|---|---|---|---|
| Apple, Inc | AAPL | AXO | |
| Cisco Systems, Inc | CSCO | CMQ | |
| Citigroup Inc | C | EFH | |
| DIAMONDS | DIA | DCQ | |
| General Electric | GE | DOC | |
| Goldman Sachs | GS | TLG | |
| Google Inc CL.A | GOOG | TBA | |
| Home Depot | HD | HEM | |
| IBM | IBM | TSB | |
| Intel | INTC | IDP | |
| iShares MSCI Emerging Markets | EEM | PTT | |
| iShares Russell 2000 Index Fund | IWM | DNZ | |
| JP Morgan Chase | JPM | LIV | |
| Microsoft CORP | MSFT | RIS | |
| Oil Service HOLDRS | OIH | HKT | |
| PowerShares QQQ | QQQQ | NKN | |
| SPDR S&P 500 | SPY | SQY | |
| Select Sector SPDR-Energy | XLE | LPA | |
| Select Sector SPDR-Financial | XLF | RZP | |
| Wachovia Corp | WB | BWK | |
| |||
| All options contracts traded on the American Stock Exchange and other national securities exchanges are issued, guaranteed and cleared by The Options Clearing Corporation (OCC). The OCC is a registered clearing agency with the Securities and Exchange Commission and has received an AAA rating from Standard & Poor's Corporation for its ability to fulfill its obligations as the counterparty for options trades. |
