A OneChicago narrow-based index futures contract is an agreement to deliver shares of the underlying stocks at a designated date in the future, called the expiration date. At all times, four expiration dates will be available for trading OneChicago narrow-based indices. OneChicago narrow-based indices are physically settled at expiration.
Using these indices, investors can take a long or short position in a concentrated basket of stocks without incurring multiple transaction fees.
Margin requirements are generally 20% of the cash value of contract, although this requirement may be lower if the investor also holds certain offsetting positions in cash equities, stock options, or other security futures in the same securities account.
No uptick is required to establish a short position in OneChicago's products. Short sellers may also benefit from eliminating the costs and inefficiencies associated with the stock loan process.
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Airlines
AMR Corp/Del (AMR)
Continental Airlines Inc. CL B (CAL)
Delta Air Lines (DAL)
Southwest Airlines (LUV)
UAL Corp (UAL)
Banks
Bank One (ONE)
SunTrust Banks (STI)
Wachovia Corp (WB)
Wells Fargo (WFC) Biotech
Amgen Inc. (AMGN)
Biogen Inc. (BGEN)
Chiron Corp (CHIR)
Genzyme Corp - Genl Division (GENZ)
Human Genome Sciences (HGSI) Computers
Apple Computer Inc. (AAPL)
Dell Computer Corporation (DELL)
International Business Machines (IBM)
Research in Motion (RIMM)
Sun Microsystems (SUNW) Defense
General Dynamics (GD)
Lockheed Martin (LMT)
Northrop Grumman Corp (NOC)
Raytheon Co (RTN) Drugs
Abbott Laboratories (ABT)
Bristol-Myers Squibb Co (BMY)
Merck & Co., Inc. (MRK)
Pfizer (PFE)
Schering-Plough (SGP) Gold
Agnico-Eagle Mines (AEM)
Barrick Gold (ABX)
Newmont Mining Corp Hldg Co (NEM)
Placer Dome Inc (PDG) Investment Banking
Goldman Sachs Group, Inc. (GS)
Lehman Brothers Holdings (LEH)
Merrill Lynch & Co., Inc. (MER)
Morgan Stanley Dean Witter & Co. (MWD) |
Networking
Adaptec Inc (ADPT)
Black Box Corp (BBOX)
Cisco Systems, Inc. (CSCO)
Emulex Corp (ELX)
Juniper Networks (JNPR)
Oil Services
Baker Hughes Inc. (BHI)
BJ Services (BJS)
Halliburton Co (HAL)
Schlumberger Ltd (SLB)
Weatherford International (WFT) Pharmacies
Biovail Corp (BVF)
Cephalon Inc (CEPH)
Elan Corp ADR (ELN)
MedImmune Inc (MEDI)
Sepracor Inc (SEPR) Retail
Autozone Inc. (AZO)
Best Buy Company Inc. (BBY)
Circuit City Stores (CC)
Home Depot Inc. (HD)
Wal-Mart Stores Inc (WMT) Semiconductor Circuits
Altera Corp (ALTR)
Analog Devices (ADI)
Integrated Device Technology (IDTI)
Linear Technology Corp (LLTC)
Maxim Integrated Products (MXIM) Semiconductor Components
Broadcom Corp-CL A (BRCM)
Intel Corporation (INTC)
Micron Technology Inc (MU)
Texas Instruments (TXN)
Xilinx Inc (XLNX) Software
Adobe Systems (ADBE)
Electronic Arts (ERTS)
Microsoft Corporation (MSFT)
PeopleSoft Inc (PSFT)
Siebel Systems, Inc. (SEBL) |