are the sox index options capped and american are they also cash set. it seems i can't get a quote for today's prices
That is because they have already computed the settlement value. From www.phlx.com -> Exercise Style: American - may be exercised on any business day before the expiration date. Expiration Date: Saturday following the third Friday of the expiration month. Expiration Cycle: Three months from the March, June, September, December cycle plus two additional near-term months (five months at all times). Settlement: Cash Settlement Value For Expiring Contracts: Based on the opening prices of the component stocks on the last trading day prior to expiration (usually a Friday). The settlement value is disseminated under the symbol SX. Last Trading Day for Expiring Contracts: The last business day (usually a Thursday) before the third Friday of the expiration month.
That's great for options handled by Timber Hill. Too bad they don't handle the SOX. http://www.phlx.com/products/sectors.html