On Jan. 18th CBOE issued CBOE Regulatory Circular RG13-012 that provides in part that —
“The SPXPM options currently listed on C2 will be de-listed from C2 after the close of business on expiration Friday, February 15, 2013, and will be listed on CBOE on the Hybrid platform as of the start of trading on the next business day, Tuesday, February 19, 2013. The trading symbol and underlying index for these options will continue to be SPXPM.”
The trading symbol and underlying for existing CBOE SPX, SPXW and SPXQ options will remain unchanged and are not impacted by the re-location of SPXPM. … FLEX Options on SPX with a PM-settlement will continue to trade under the symbol 4SPX. … “(Emphasis added). A link to Regulatory Circular RG13-012 is at http://bit.ly/SPXPM
For more information on the SPX family of index options, please visit the SPX microsite at www.cboe.com/SPX.
PM-SETTLED CBOE SPX OPTIONS – FIVE CONSECUTIVE EXPIRATION WEEKS
Beginning next month, CBOE plans to offer five consecutive expiration weeks of trading for p.m.-settled options on the S&P 500 on CBOE. SPXPM and PX Weeklys options can provide opportunities for investors to implement more targeted buying, selling or spreading strategies. In 2012 average daily volume for SPX Weekly options rose 68% (over 2011 figures) to a record 106,607 contracts.