MINI! OPTIONS next week. ie SPY7, AAPL7 etc..

Will be interesting to see how these fractional 1/10th contracts will trade.

So SPY7 will = 10 shares.

They will not quote in penny increments though.

They launch March 18 and will be available on select brokerage firms for trading.

 

mini SPY? I need the mega SPY to save on commissions. I currently have on a 100 contract SPX IC. That would be equivalent to a 10000 contract mini SPY IC.

 

here is the CBOE link:

http://www.cboe.com/micro/mini/

 

lol looks like CBOE is finding new ways to churnn extra centsss

 

Are any of u thinking, ok, now baby investors are playing with options, this should translate into a killing for us?

 

There was some post saying that spy with 1000 shares contrct was going to be launched. Any news about that? Thanks

 

http://www.cboe.com/publish/ComLet/20130225.pdf

http://www.bloomberg.com/news/2013-...or-thousand-share-options-on-s-p-500-etf.html

 

said the black pot.

 

Scumbag CBOE

 

I think these ORF fees option exchanges are charging are even more of a racket then mini options. So are these retail customers going to get 1/10 the commission rate? I also hear the ISE is opening another exchange. So what is the total going to be 12 exchanges.