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FOR IMMEDIATE RELEASE


CBOE TO LIST OPTIONS WITH QUARTERLY EXPIRATIONS BEGINNING MONDAY, JULY 10; Initial Listings Will Include Top Five Most-Actively Traded ETF Options

CHICAGO, July 7, 2006 - The Chicago Board Options Exchange (CBOE) announced today that it will introduce options with end-of-quarter expirations beginning Monday, July 10, 2006.

CBOE will list Quarterly options on five Exchange Traded Funds (ETFs):
- Nasdaq-100 Index Tracking Stock (QQQQ)
- iShares Russell 2000 Index Fund (IWM)
- DIAMONDS Trust, Series 1 (DIA)
- Standard and Poor's Depositary Receipts/SPDRs (SPY)
- Energy Select SPDR (XLE)

Quarterly options will trade based on a calendar quarter - with endings in March, June, September and December - and will expire on the last business day of each respective month. Regular monthly options typically expire on the Saturday following the third Friday of each month. Initially, CBOE will list options with Quarterly expirations for a period of one year.

CBOE, the nation'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, visit the CBOE website at: http://www.cboe.com/

Contacts:
Lynne Howard-Reed
(312) 786-7123
howardl@cboe.com

Gary Compton
(312) 786-7612
comptong@cboe.com

CBOE® and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated. Dow Jones® and DIAMONDS® are registered trademarks of Dow Jones & Company, Inc. S&P® and SPDR are registered trademarks of the McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated pursuant to a License Agreement. The Russell 2000® Index is a registered trademark of The Frank Russell Company used under license. Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, and Nasdaq-100 Index Tracking StockSM are trademarks of The Nasdaq Stock Market, Inc. iShares is a service mark of Barclays Global Investors, N.A.


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