MNX index options are a 1/10th size version of the existing Nasdaq-100 Index® options (NDXsm) traded at CBOE. The MNX, launched on August 14, 2000, is CBOE's newest index product and has quickly established itself as one of CBOE's most actively-traded index products. Today, MNX is the third most-traded index product at CBOE. Over its first six months, the MNX has sustained volume growth of 140%. Open interest for MNX options and LEAPS® is presently 486,926 contracts (266,872 calls and 220,054 puts).
Wolverine Trading, L.P. is the Designated Primary Market Maker (DPM) for MNX index options. Jim Harkness, Chief Operating Officer of Wolverine Trading, commented: "The MNX has rapidly become a popular vehicle because it's the right-size product for investors who want to participate in the highly-volatile Nasdaq stock market. We are encouraged by the initial success of MNX and look forward to sustaining its growth."
CBOE, the world's largest options marketplace and creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com.
