Beginning with June 2009 expiration, Cboe is changing the close of trading hours from 3:15 p.m. (Chicago time) to 3:00 p.m. (Chicago time) on the last day of trading only in expiring Quarterly Index Expirations on broad-based indexes (i.e.; SPX, XSP and XEO). All non-expiring Quarterly Index Expirations will continue to trade until 3:15 p.m. Refer to IC09-120 for additional information.
Quarterly European-style S&P 100<sup>™</sup> Index Options expire on the last business day of each calendar quarter. Quarterly European-style S&P 100<sup>™</sup> Index Options are PM-settled ; that is, their exercise settlement value is based on the closing level of the S&P 100 Index on the day the options expire.