CBOE Standard & Poor's Bank

Description of Index: The S&P Banking Index is a capitalization-weighted index of 26 domestic equities traded on the New York Stock Exchange and NASDAQ, The stocks in the Index are high- capitalization stocks representing a sector of the S&P 500

Expiration Months: : Two near-term months, plus two additional months on the March quarterly cycle.

Exercise Style: : European. S&P Banking index options generally may be exercised only on the last business day prior to the expiration date.

Settlement Exercise: : The exercise-settlement value, BBS, is determined on the lost day prior to expiration and is based on the first (opening) reported sale price for each component.

Position Limits: : 10,500 contracts.

Trading System: : Designated Primary Market Maker.


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