New York Mercantile Exchange To Widen Strike Price Intervals For Long-Dated Silver Options

The New York Mercantile Exchange, Inc., announced today that it will expand the intervals between strike prices for its silver options contracts at least two years away from expiration beginning September 7.

The Exchange will widen the intervals to $1.00 per ounce from $0.25, initially listing two strike prices above and below the at–the–money strike price, instead of five. All strike prices currently listed will remain available for trading until that contract expires.