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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech12/28/2006 8:26:36 PM
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This is for koan. <g>

International Securities Exchange Begins Trading Options on Market Vectors - Gold Miners ETF

2006-12-26 13:38 ET - News Release

Also News Release (U-ISE) INTL SECURITIES EXCHANGE INC

NEW YORK, Dec. 26 /PRNewswire/ -- International Securities Exchange (ISE) began trading today in the options of Market Vectors - Gold Miners ETF (GDX), an exchange-traded fund.

The options opened with strike prices of 32-45 (1pt increments) and position limits of 75,000 contracts. They trade on the March expiration cycle. The primary market maker is Citadel Derivatives Group, LLC.

GDX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Amex Gold Miners Index* . The Index, comprised of publicly traded companies that are involved in mining for gold and silver, has 40 constituents as of December 22. Van Eck Associates Corporation is investment adviser for Market Vectors - Gold Miners ETF.

GDX shares have been trading on the American Stock Exchange since May 22, 2006. GDX options are listed on the Amex, CBOE and NYSE/Arca.

* The return of the Amex Gold Miners Index does not represent the performance of any fund. GDM charges no fees, including management fees or brokerage expenses. Investors cannot invest directly in GDM.

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