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CORRECTION on MFX

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CORRECTION to MFX:

In may haste to get the blog to subcribers last night. I overlooked the fact that the MFX
is a CASH setetlement index, that will be closed on cash basis number today.

YOU DO NOT HAVE TO DO ANYTHING as the option stopped trading yesterday and will get a settlement number today. If we are in the money the amount that we are in the money will be the amount you will be debited on a CASH basis.

YOU DO NOT HAVE TO BUY THE POSITION...This is a CASH INDEX SETTLEMENT OPTION

You do nothing and the amount in will be debited to your account.

Sorry for the confusion. We will have settlement numbers for you

Settlement: Cash

Settlement Value for Expiring Contracts: Based on the opening prices of the component stocks on the last trading day prior to expiration (usually a Friday).

Last Trading Day for Expiring Contracts: The last business day (usually a Thursday) before the third Friday of the expiration month.

Index Multiplier: $100 (i.e., one contract = index value x 100)


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