What's with the QQQQ options?

I don't usually trade the cubes but I took a look at the QQQQ options and noticed two things I never noticed before.

1) .63 cent increments?
2) Quarterly options?

Is that something new?
 
The end-of-month options started a few months ago. SPY has 'em, too.

I think the .625 options are from the MSFT special dividend a couple years ago. It affected the near-term options then and all the LEAPs.
 
Quote from loufah:

The end-of-month options started a few months ago. SPY has 'em, too.

I think the .625 options are from the MSFT special dividend a couple years ago. It affected the near-term options then and all the LEAPs.




10-04, Thanks.
 
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