Contract Specifications | Chart & Quick Quote
Component Issues, Weightings and Index Divisor  | Original Index Components

PHLX Retail Sector^SM (XRE^SM)

PHLX Retail Sector^SM (XRE^SM) is an equal-dollar-weighted index composed of 30 companies engaged in general and specialty merchandise consumer sales primarily in the U.S.

Contract Specifications*

Trading Symbol: XRE

Alternate Symbol: EKW
If you are unable to obtain a listing for a strike price under the trading symbol, use the alternate symbol.

2 ½ Point Strike Symbol: ELH
2 ½ point strikes are not available for trading at time of listing.

Settlement Value Symbol: RXK

CUSIP® Number: 69391T 10 8

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 for 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:

Total Capitalization of Assigned Shares Base Market Divisor

 

 

 

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., Eastern Time (Philadelphia Time)

Issuer & Guarantor: The Options Clearing Corporation (OCC)

*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.

PHLX Retail Sector^SM and XRE^SM are service marks of the Philadelphia Stock Exchange, Inc.

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