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

Discussion in 'Options' started by KINGOFSHORTS, Mar 13, 2013.

  1. 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.
  2. 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.
  3. lol looks like CBOE is finding new ways to churnn extra centsss
  4. Are any of u thinking, ok, now baby investors are playing with options, this should translate into a killing for us?
  5. There was some post saying that spy with 1000 shares contrct was going to be launched. Any news about that? Thanks
  6. newwurldmn


    said the black pot.
  7. ellevers


    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.
    #10     Mar 14, 2013