The Chicago Board Options Exchange (CBOE) today announced it will list options on the SPDR Gold Trust (CBOE ticker symbol: GLD) beginning Tuesday, June 3.The U.S. Securities and Exchange Commission (SEC) approved CBOE's filing to list and trade GLD options late Friday, May 29.
"This day has been several years in coming, and we're pleased CBOE can now respond to the strong customer demand for this product," said CBOE Chairman and CEO William J. Brodsky."Now that investors can easily incorporate gold option strategies into their regular equity accounts, GLD options will open the door for new investors to enter this extremely active market. In addition, the many unique benefits afforded by listed options will enable investors to hedge and invest in this market with greater precision and flexibility."
The SPDR Gold Trust (formerly known as streetTRACKS® Gold Trust) is an exchange-traded fund that seeks to reflect the performance of the price of gold bullion, less the Trust's expenses.The SPDR Gold Trust issues SPDR Gold Shares that represent a fractional, undivided interest in gold bullion held by the SPDR Gold Trust.SPDR Gold Shares first began trading on the New York Stock Exchange in November 2004.
CBOE's GLD options will trade on the March expiration cycle, with introductory expirations in June, July, September and December.Initial strike prices will range from 75 to 95, with strike price intervals in one-point increments. Position limits are 250,000 option contracts. The Designated Primary Market Maker (DPM) in GLD options is CTC, LLC.
Options on SPDR Gold Trust (GLD) Product Specifications:
For more information on GLD options, visit www.cboe.com/GLD.
CBOE, the largest options marketplace in the U.S. and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC).For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com/.
FTSE Mondo Visione Exchanges Index:
CBOE To List Options On SPDR® Gold Trust (GLD) On Tuesday, June 3
Date 02/06/2008