CBOE To List Options On (ONEQ) Friday December 12
Chicago, December 11, 2003 -- The Chicago Board Options Exchange (CBOE), the world's largest options exchange, today announced it will add options on the Fidelity® Nasdaq Composite Index® Tracking Stock (NASDAQ ticker symbol: ONEQ, CBOE symbol: ONQ) to its list of index products, on Friday, December 12, 2003. Currently, CBOE lists options on 61 indexes and 51 exchange traded funds, in addition to more than 1350 individual stocks.
ONEQ(tm) is an exchange traded fund that seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index®. Options on ONEQ can provide investors with exposure to the Nasdaq Composite Index, in one transaction, that can also offer the benefit of limited risk. Buyers of ONQ options have pre-determined risk that is limited to the amount of premium paid.
The Designated Primary Market Maker (DPM) for ONQ options will be Knight Financial Partners, LLC. The options will trade on the March expiration cycle, with initial expiration months of January, February, March and June, and position limits of 22,500 contracts. The options will be American-style exercise and physically settled in shares of Fidelity Nasdaq Composite Index Tracking Stock. Additional information on strike prices and contract specifications can be found at:
cboe.com.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the U.S. Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at cboe.com. |
