The American Stock Exchange will launch trading in options on Monday, April 17, 2006 on the exchange traded fund, First Trust IPOX – 100 Index Fund (FPX).
First Trust IPOX-100 Index Fund (FPX) options will open with strike prices of 14-24 (1 pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be LaBranche Structured Products, LLC. The First Trust IPOX-100 Index Fund tracks the performance of the U.S. IPOX-100 Index, a modified cap-weighted index measuring the performance of the 100 largest and most liquid initial public offerings of the U.S. IPOX Composite Index for their first 1000 days of trading.