Cboe, CBSX, & CFE Press Releases



CHICAGO, June 2, 2008 - The Chicago Board Options Exchange (CBOE) today announced it will list options on the SPDR Gold Trust (CBOE ticker symbol: GLD) beginning Tuesday, June 3.The U.S. Securities and Exchange Commission (SEC) approved CBOE's filing to list and trade GLD options late Friday, May 29.

"This day has been several years in coming, and we're pleased CBOE can now respond to the strong customer demand for this product," said CBOE Chairman and CEO William J. Brodsky."Now that investors can easily incorporate gold option strategies into their regular equity accounts, GLD options will open the door for new investors to enter this extremely active market. In addition, the many unique benefits afforded by listed options will enable investors to hedge and invest in this market with greater precision and flexibility."

The SPDR Gold Trust (formerly known as streetTRACKS® Gold Trust) is an exchange-traded fund that seeks to reflect the performance of the price of gold bullion, less the Trust's expenses.The SPDR Gold Trust issues SPDR Gold Shares that represent a fractional, undivided interest in gold bullion held by the SPDR Gold Trust.SPDR Gold Shares first began trading on the New York Stock Exchange in November 2004.

CBOE's GLD options will trade on the March expiration cycle, with introductory expirations in June, July, September and December.Initial strike prices will range from 75 to 95, with strike price intervals in one-point increments. Position limits are 250,000 option contracts. The Designated Primary Market Maker (DPM) in GLD options is CTC, LLC.

Options on SPDR Gold Trust (GLD) Product Specifications:

Underlying 100 shares of SPDR Gold Shares
Strike Price Intervals Minimum of one-point increments
Strike (Exercise) Prices In-, at- and out-of-the-money strike prices are initially listed. New series generally will be added when the underlying shares trade through the highest or lowest strike price available
Expiration Date Saturday immediately following the third Friday of the expiration month
Expiration Months Generally, two near-term months and two months from the March quarterly cycle (March, June, September and December)
Last Trading Day Trading in GLD options ordinarily ceases at the close on the business day (usually a Friday) preceding the expiration date
Exercise Style American style
Settlement of Option Exercise Physical Delivery. Exercise notices properly tendered on any business day will result in delivery of GLD Shares on the third business day following exercise
Margin Uncovered writers must deposit 100% of the options proceeds plus 15% of the aggregate contract value (current ETF price multiplied by $100) minus the amount by which the option is out-of-the-money, if any. Minimum margin is 100% of the option proceeds plus 10% of the aggregate contract value. Long puts or calls must be paid in full
Trading Hours 8:30 a.m. - 3:15 p.m. (Chicago time)

For more information on GLD options, visit www.cboe.com/GLD.

CBOE, the largest options marketplace in the U.S. 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 website at: www.cboe.com/.

CBOE Media Contacts:
Gail Osten
(312) 786-7123

Gary Compton
(312) 786-7612

Analyst Contact:
Debbie Koopman
(312) 786-7136

CBOE®, Chicago Board Options Exchange®, CBOEdirect®, CBOE Volatility Index®, VIX®, XEO® and OEX® are registered trademarks of Chicago Board Options Exchange, Incorporated. SPXSM, XSPSM MNXSM, CBSXSM and CBOE Stock ExchangeSM are service marks of Chicago Board Options Exchange, Incorporated.CFESM and CBOE Futures Exchange are service marks of CBOE Futures Exchange, LLC.Dow Jones®, DJIA®, and DIAMONDS® are registered trademarks of Dow Jones & Company, Inc.Dow Jones Industrial AverageSM and Options on the DowSM are service marks of Dow Jones & Company.CBOE's Options on the Dow based on the Dow Jones Industrial Average and financial products based on the CBOE DJIA Volatility Index are not sponsored, endorsed, marketed or promoted by Dow Jones. S&P®, S&P 100®, S&P 500®, 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. "HOLDRS" and "HOLding Company Depositary ReceiptS" are service marks of Merrill Lynch & Co., Inc.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

In connection with the proposed restructuring transaction, CBOE Holdings, Inc. ("CBOE Holdings") has filed certain relevant materials with the United States Securities and Exchange Commission (SEC), including a registration statement on Form S-4. Members are encouraged to read the registration statement, including the proxy statement/prospectus that are a part of the registration statement, because it contains important information about the proposed transaction. Members are able to obtain a free copy of the proxy statement/prospectus, as well as the other filings containing information about CBOE Holdings and the Chicago Board Options Exchange, Incorporated ("CBOE"), without charge, at the SEC's Web site, http://www.sec.gov/, and the companies' website, http://www.cboe.com/.In addition, CBOE members may obtain free copies of the proxy statement/prospectus and other documents filed by CBOE Holdings or the CBOE from CBOE Holdings by directing a request to the Office of the Secretary, CBOE Holdings, Inc., 400 South LaSalle Street, Chicago, Illinois 60605.

CBOE Holdings, the CBOE and their respective directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of CBOE Holdings and of the CBOE is available in the prospectus/proxy statement.

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