Open Interest at CBOE Sets Record

The Chicago Board Options Exchange (CBOE) on September 8 announced that a new record was set for Exchange wide open interest. Total open interest stood at 30,474,656 contracts at the CBOE at the close of trading on Tuesday, September 7, 1999 topping the previous record of 30,155,703 which had just been set on September 3, 1999. A new record for open interest in stock options was also established on Tuesday, when open interest stood at 26,133,788 contracts, beating the previous record of 25,861,109 set on September 3, 1999. Open interest is the number of outstanding contracts in the marketplace, reflecting option positions that have been opened but have not yet expired or been closed out. CBOE, the world's largest options marketplace and the creator of listed options is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE web site at http://www.cboe.com.