Taser . . .
- Thread starter waggie945
- Start date
Thank you for your message. Below is the information regarding new equity option listings:
CBOE's Stock Selection Committee decides upon which options will be listed at CBOE. They use certain criteria to determine whether a stock will become optionable. A couple of these criteria are anticipated demand, volume, stock price and shares outstanding. If the stock does not perform according to the requirement specifications, it will not be listed. We cannot determine whether or not, or when, it may become optionable.
The specific requirements are as follows:
1) There are a minimum of 7,000,000 shares of the underlying security which are owned by persons other than those required to report their stock holdings under Section 16(a) of the Securities Exchange Act of 1934.
2) There are a minimum of 2,000 holders of the underlying security.
3) The issuer is in compliance with any applicable requirements of the Securities Exchange Act of 1934.
(b) Guidelines applicable to the market for the security are:
1) Trading volume (in all markets in which the underlying security is traded) has been at least 2,400,000 shares in the preceding twelve months.
2) The market price per share of the underlying security has been at least $7.50 for the majority of business days during the three calendar months preceding the date of selection, as measured by the lowest closing price reported in any market in which the underlying security traded on each of the subject days.
Please advise if you have further questions. Thank you.
CBOE's Stock Selection Committee decides upon which options will be listed at CBOE. They use certain criteria to determine whether a stock will become optionable. A couple of these criteria are anticipated demand, volume, stock price and shares outstanding. If the stock does not perform according to the requirement specifications, it will not be listed. We cannot determine whether or not, or when, it may become optionable.
The specific requirements are as follows:
1) There are a minimum of 7,000,000 shares of the underlying security which are owned by persons other than those required to report their stock holdings under Section 16(a) of the Securities Exchange Act of 1934.
2) There are a minimum of 2,000 holders of the underlying security.
3) The issuer is in compliance with any applicable requirements of the Securities Exchange Act of 1934.
(b) Guidelines applicable to the market for the security are:
1) Trading volume (in all markets in which the underlying security is traded) has been at least 2,400,000 shares in the preceding twelve months.
2) The market price per share of the underlying security has been at least $7.50 for the majority of business days during the three calendar months preceding the date of selection, as measured by the lowest closing price reported in any market in which the underlying security traded on each of the subject days.
Please advise if you have further questions. Thank you.