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Description of Index
The Inter@ctive Week Internet Index is
designed to measure a cross section of companies involved in providing internet
infrastructure and access, developing and marketing internet content and software, and
conducting business over the internet. The Inter@ctive Week Internet Index was developed
by The American Stock Exchange and Inter@ctive Week, a weekly magazine published by
Inter@ctive Enterprises LLC. The Index is modified market-capitalization weighted, with
the Index value calculated by multiplying the last sale price of each component security
by an adjusted number of shares outstanding, adding the sums and dividing by the current
Index divisor. (Link to Index components.)
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Trading Unit
The minimum trade size is one option contract. The notional value underlying each contract
equals $100 multiplied by the Index value. |
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Expiration Cycle
Three consecutive near-term expiration months plus two successive months from the January
cycle. |
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Expiration
The Saturday following the third Friday of the expiration month. |
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Last Trading Day
Two business days prior to expiration (normally a Thursday). |
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Limited Exercise of Options
European style. Options may be exercised only on the last business day prior to expiration (normally a Friday). Writers are subject to assignment only at expiration. Check with your broker to ascertain cut-off times for exercise and provisions for automatic exercise. |
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"Delivery" Method if
Exercised
Cash settlement based on the dollar difference between the final settlement valuation of the Index and the strike price of the contract multiplied by $100. |
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Exercise Price Intervals
Exercise (strike) prices are set at five-point intervals, bracketing the current Index value when the Index is above 200. If the Index is below 200, the interval will be 2½ points. |
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Option Premium Quotations
Stated in points and fractions. One point equals $100. Minimum tick for series trading below 3 is 1/16 ($6.25); for all other series, 1/8 ($12.50). |
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Final Index Settlement Value
Determined on the last business day prior to expiration, based on the first (opening)
reported sale price for each component stock. |
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Settlement
Next New York business day following expiration. |
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Position Limits
31,500 contracts on the same side of the market. |
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Minimum Customer Margin for
Uncovered Writers
Premium plus 20% of the aggregate Index value (Index value x $100) reduced by any
out-of-the-money amount to a minimum of premium plus 10% of the aggregate Index value. |
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Trading Hours
9:30 a.m. to 4:02 p.m., New York time. |
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Trading System
Specialist/Registered Options Trader. |
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Index Base Reference Point
200 |
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CUSIP Number
00190E109 |
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Trading Symbol
IIX |
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Final Settlement Value Symbol
IIV |
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Index Components
Components list as of 10/8/01
| The
Inter@ctive Week Internet Index is composed of shares of the
following issues: |
| Akamai
Technologies, Inc. |
(AKAM) |
Network
Associates, Inc. |
(NETA) |
| Amazon.com,
Inc. |
(AMZN) |
Novell,
Inc. |
(NOVL) |
| America
Online, Inc. |
(AOL) |
Openwave
Systems Inc. |
(OPWV) |
| Ariba,
Inc. |
(ARBA) |
Palm
Inc. |
(PALM) |
| BEA
Systems, Inc. |
(BEAS) |
Priceline.com |
(PCLN) |
| Broadcom
Corporation |
(BRCM) |
QUALCOMM
Inc. |
(QCOM) |
| BroadVision,
Inc. |
(BVSN) |
Qwest
Communications Internationall Inc. |
(Q) |
| Check
Point Software Technologies Ltd. |
(CHKP) |
RealNetworks,
Inc. |
(RNWK) |
| CheckFree
Corporation |
(CKFR) |
Redback
Networks Inc. |
(RBAK) |
| Cisco
Systems, Inc. |
(CSCO) |
Red
Hat, Inc. |
(RHAT) |
| CMGI,
Inc. |
(CMGI) |
RSA
Security Inc. |
(RSAS) |
| CNET
Networks, Inc. |
(CNET) |
Siebel
Systems, Inc. |
(SEBL) |
| Commerce
One Inc. |
(CMRC) |
Stellent,
Inc. |
(STEL) |
| DoubleClick
Inc. |
(DCLK) |
Sun
Microsystems, Inc. |
(SUNW) |
| E*TRADE
Group, Inc. |
(EGRP) |
3Com
Corporation |
(COMS) |
| EarthLink
Network, Inc. |
(ELNK) |
TIBCO
Software Inc. |
(TIBX) |
| eBay,
Inc. |
(EBAY) |
Travelocity.com |
(TVLY) |
| FreeMarkets,
Inc. |
(FMKT) |
United
Technologies Corporation |
(UTX) |
| Inktomi
Corporation |
(INKT) |
Universal
Access, Inc. |
(UAXS) |
| Internet
Security Systems Inc. |
(ISSX) |
VeriSign,
Inc. |
(VRSN) |
| Intuit,
Inc. |
(INTU) |
Vignette
Corporation |
(VIGN) |
| i2
Technologies |
(ITWO) |
WebMD
Corporation |
(HLTH) |
| Juniper
Networks, Inc. |
(JNPR) |
WebMethods Inc. |
(WEBM) |
| HomeStore.com,
Inc. |
(HOMS) |
Websense, Inc. |
(WBSN) |
| Level
3 Communications, Inc. |
(LVLT) |
Yahoo!
Inc. |
(YHOO) |
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