The Chicago Board Options Exchange (CBOE) today announced it will list options on the DJ EURO STOXX 50 Exchange Traded Fund (ticker symbol FEZ) on Monday, May 14, 2007.
FEZ is an Exchange Traded Fund that seeks investment returns that replicate as closely as possible, before expenses, the price and yield performance of the Dow Jones EURO STOXX 50 index, which is a capitalization-weighted index of 50 European blue-chip stocks from those countries participating in the EMU. The fund will typically invest at least 90% of its assets in component securities that comprise the Dow Jones EURO STOXX 50 index.
FEZ options will trade on the January expiration cycle, with introductory expirations in June, July, October and January. Initial strike prices have been set at 55, 60, and 65 with initial position limits of 250,000 contracts. Jane Street Specialists, LLC has been named the Designated Primary Market Maker (DPM) in the options.
