The Fidelity® Nasdaq Composite Index® Tracking StockTM options will open with strike prices of 61 - 90 for January and February, 50 - 100 for March and June, all in one point increments and position limits of 22,500 contracts. The options will trade on the March expiration cycle with initial expirations in January, February, March and June. The specialist will be CTC, LLC.
"The Amex pioneered the trading of ETF options and we look forward to the addition of ONEQTM to the well-known suite of Nasdaq-based products on which we currently trade options," said Michael T. Bickford, senior vice president for options at the Amex.
The Fidelity® Nasdaq Composite Index® Tracking StockTM is an exchange-traded fund that seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index.
