New mini options, contracts tied to 10 shares of
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New mini options , contracts tied to 10 shares of stock rather than the standard 100 shares, will begin trading March 18 , the International Securities Exchange announced Monday. At the launch, mini options will be available on five high-priced stocks, including Apple (AAPL), Amazon ( AMZN), Google (GOOG), the SPDR Gold Trust (GLD) and SPDR S&P 500 ETF (SPY). " This exciting new product will make trading options on popular, high-priced names like Google and Apple more affordable and more flexible for the retail segment of the market," said ISE President and CEO Gary Katz . The minis will be available for all expiration dates, including weekly options. (kaitlyn.kiernan@ dowjones.com)
(posted by U.P.B )
> PDF Source http://www.sec.gov/rules/sro/ise/2012/34-66827.pdf
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