Contract Specifications |
Component Issues, Weightings and Index Divisor
SIG Energy MLP IndexSM (SVOTM)The SIG Energy MLP Index™ (SVOSM) is an equal-dollar-weighted index composed of 27 publicly listed Master Limited Partnerships that sell, distribute, explore, mine, store, market, and trade primary energy products. Products include coal, propane, distillate products, crude oil, liquid natural gas and its byproducts and are available to end-markets across the United States - primarily retail service stations, truck stops, railroads, agricultural enterprises, refineries, and military and commercial jet fuel users. Trading Symbol: SVO Alternate Symbols: SFZ Settlement Value Symbol: SWA CUSIP Number: 784 26K 115 Exercise Style: European - may be exercised only on the last business day before expiration. Expiration Date: Saturday following the third Friday of the expiration month Expiration Cycle: Three months from the March, June, September, December cycle plus two additional near-term months (five months at all times). Settlement: Cash Settlement Value for Expiring Contracts: Based on the opening prices of the component stocks on the last trading day prior to expiration (usually a Friday). Last Trading Day or Expiring Contracts: The last business day (usually a Thursday) before the third Friday of the expiration month. Index Multiplier: $100 (i.e., 1 contract = index value x 100) Index Value Calculation: Equal-Dollar-Weighted:
Exercise (Strike) Price Intervals: The Exchange shall determine fixed-point intervals of exercise prices for index options. Generally, the exercise (strike) price intervals will be no less than $5. However, the Exchange may determine to list strike prices at no less than $2.50 intervals if the strike price is less than $200 for listed indexes, and in response to demonstrated customer interest or specialist request. Premium Quotation: One point = $100. Thus, a premium quote of 2 = $200. The minimum change in a premium under 3 is $5.00 and the minimum change in a premium of 3 or greater is $10.00. Position Limits: 31,500 contracts on the same side of the market. Hedge exemptions are available. Trading Hours: 9:30 a.m. to 4:00 p.m., ET (Philadelphia Time) Issuer & Guarantor: The Options
Clearing Corporation (OCC) SIG Energy MLP IndexSM is a service mark of the Philadelphia Stock Exchange, Inc. *Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (“ODD”). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, IL 60606. The information on this Website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the Website information. The Philadelphia Stock Exchange assumes no responsibility for any errors or omissions in the Website. No statement within the Website should be construed as a recommendation to buy or sell a security or to provide investment advice.
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