$1 and $2.5 Strike Price Programs

$1 Strike Price Program:

CBOE may select up to 150 individual stocks on which option series may be listed at $1 or greater strike price intervals where the strike price is less than $50. Additionally, if the price of the underlying stock is equal to or less than $20, series with an exercise price up to 100% above and 100% below the price of the underlying stock may be listed. If the price of the underlying stock is greater than $20, series with an exercise price up to 50% above and 50% below the price of the underlying stock (up to $50) may be listed.

$2.50 Strike Price Program:

CBOE may select up to 60 individual stocks on which option series may be listed at $2.50 strike price intervals where the strike price is greater than $25 but less than $50. Additionally, CBOE may list $2.50 strike prices between $50 and $75, provided the $2.50 strike prices between $50 and $75 are no more than $10 from the closing price of the underlying stock in its primary market on the preceding day.

Questions regarding Strike Price Programs can be directed to Market Services at 312-786-7950 or marketservices@cboe.com.

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