The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) today announced they will list options on Facebook (FB) beginning Tuesday, May 29.
Susquehanna Securities will serve as the Designated Primary Market Maker (DPM) for Facebook options at CBOE. C2 does not use a DPM system.
The contract specifications for Facebook options are as follows:
Initial strike price: 16 - 49 in one-dollar increments
Position limit: 250,000 contracts
Expiration cycle: March expiration cycle with initial months listed as Jun, Jul, Sep and Dec
In addition, on May 29, CBOE will list both the Facebook January 2013 options series and the Long-term Equity AnticiPation Securities (LEAPS) options with a January 2014 expiration. C2 will list the January 2013 options series on Facebook on the same date.
For more information on new listings, visit the Trading Tools section of the CBOE website at: http://www.cboe.com/NewListings.