On June 13th, the SEC provided notice of the Chicago Board Options Exchange's proposal to amend certain rules to provide for the listing and trading of options that overlie the ordinary cash dividends paid by an issuer over an annual, semi-annual, or quarterly "accrual period." The options will be cash-settled, have European-style exercise and be P.M.-settled. Comments should be submitted on or before July 8, 2011. SEC Release No. 34-64654.