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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (9430)	2/5/2001 8:13:06 PM
From: hobo	Respond to of 10876

FOR IMMEDIATE RELEASE CBOE ADDS OPTIONS ON iSHARES(sm) S&P 100(r) INDEX FUND (OEF) CHICAGO, February 5, 2001 -- The Chicago Board Options Exchange (CBOE) today announced that the trading of options on the iShares(sm) S&P 100(r) Index Fund (ticker symbol OEF) will commence Wednesday, February 7. OEF is an exchange-traded fund that trades exclusively at CBOE. It seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 100 Index(r). "In response to customer demand for options on this popular new fund, we are pleased to offer OEF options," said CBOE Chairman and CEO William J. Brodsky. "OEF options offer investors a cost-efficient way to participate in the performance of the top 100 companies in the United States. The deep, liquid markets found at the world's largest options exchange make CBOE the ideal marketplace for this exciting new product." OEF options trade like stock options, are American-style exercise, are settled by physical delivery, and will trade in decimals. The options will trade in the OEX trading pit from 8:30 a.m. to 3:15 p.m. CST. Initial strike prices will range from 56 to 86 in one-, two-, and four-point increments. Introductory expiration months are set for February, March, April, May, and June. Most series will be available through RAES, CBOE's automated execution system. CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at cboe.com. For an archive of CBOE Press Releases, visit the following web address: cboe.com