$1 and $2.5 Strike Price Programs

$1 Strike Price Program:

CBOE may select up to 10 individual stocks on which option series may be listed at $1 strike price intervals where the strike price is greater than $3 to but less than $50. Additionally, no $1 strike price may be listed that is greater than $5 from the underlying stocks closing price in its primary market on the previous day, and CBOE is restricted from listing any series that would result in strike prices being $0.50 apart. To view a list of the classes currently in the $1 strike price program, click here (Acrobat file).

$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. To view a list of the classes currently in the $2.50 strike price program, click here (Acrobat file).

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