dia-options-trading October 12, 2015 admin DIA Contract Specification Product Specifications Exchange-traded fund designed to track the performance of the Dow Jones Industrial Average. Symbol: DIA Strike Price Intervals: Strike prices are set at a minimum of 1-point increments. Strike (Exercise) Prices: In-, at- and out-of-the-money strike prices are initially listed. New series generally will be added when DIA shares trade through the highest or lowest strike price available. Premium Quotation: Stated in decimals. One point equals $100. Minimum tick for options trading below 3.00 is 0.05 ($5.00) and for all other series, 0.10 ($10.00). Expiration Date: Saturday immediately following the third Friday of the expiration month. Expiration Months: Three near-term months and three months from the March quarterly cycle (March, June, September and December). LEAPS may also be available. Last Trading Day: Trading in DIA options will ordinarily cease at the close on the business day (usually a Friday) preceding the expiration date. Exercise Style: American – DIA options generally may be exercised on any business day before the expiration date. Settlement of Option Exercise: Physical Delivery. Exercise notices properly tendered on any business day will result in delivery of DIA shares on the third business day following exercise. Position and Exercise Limits: 75,000 contracts on the same side of the market. Margin: Uncovered writers must deposit 100% of the options proceeds plus 15% of the aggregate contract value (current DIA price multiplied by $100) minus the amount by which the option is out-of-the-money, if any. Minimum margin is 100% of the option proceeds plus 10% of the aggregate contract value. Long puts or calls must be paid in full. Trading Hours: 8:30 a.m. – 3:15 p.m. Central Time (Chicago time).