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CBOE To List Options On SPDR® Gold Trust (GLD) On Tuesday, June 3

Date 02/06/2008

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:

Underlying
100 shares of SPDR Gold Shares

Strike Price Intervals
Minimum of one-point increments

Strike (Exercise) Prices

In-, at- and out-of-the-money strike prices are initially listed. New series generally will be added when the underlying shares trade through the highest or lowest strike price available

Expiration Date
Saturday immediately following the third Friday of the expiration month

Expiration Months

Generally, two near-term months and two months from the March quarterly cycle (March, June, September and December)

Last Trading Day

Trading in GLD options ordinarily ceases at the close on the business day (usually a Friday) preceding the expiration date

Exercise Style

American style

Settlement of Option Exercise

Physical Delivery. Exercise notices properly tendered on any business day will result in delivery of GLD Shares on the third business day following exercise
Margin

Uncovered writers must deposit 100% of the options proceeds plus 15% of the aggregate contract value (current ETF price multiplied by $100) minus the amount by which the option is out-of-the-money, if any. Minimum margin is 100% of the option proceeds plus 10% of the aggregate contract value. Long puts or calls must be paid in full

Trading Hours

8:30 a.m. - 3:15 p.m. (Chicago time)


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/.