On February 3rd, the SEC granted immediate effectiveness to NYSE Amex's proposal to designate two Penny Pilot Program issues as eligible to quote and trade all options contracts in one cent increments, regardless of premium value. Specifically, the Exchange proposes to so designate SPY (SPDR S&P 500 ETF Trust) and IWM (iShares Russell 2000 Index Fund). The Exchange also proposes to designate SPY and IWM as eligible to quote and trade all options contracts in one cent increments as of February 1, 2010. Comments should be submitted on or before March 3, 2010. SEC Release No. 34-61479.