The Chicago Board Options Exchange, Incorporated, the Philadelphia Stock Exchange and the International Securities Exchange recently filed rule proposals requesting permanent approval and expansion of current $1 Strike Price Pilot Programs. Under these current programs, the exchanges are permitted to select five qualifying stocks on which option series may be listed at $1 strike price intervals (exchanges are also allowed to list $1 strikes on any other option class designated by another options exchange employing a similar program). In addition to requesting permanent approval of the programs, the exchange rule filings request amendments to allow them to select ten individual stocks on which option series may be listed at $1 strike price intervals and also request certain other changes to existing qualifying criteria.

 http://www.sec.gov/rules/sro/phlx/2008/34-57111.pdf

 http://www.sec.gov/rules/sro/cboe/2007/34-57049.pdf

 http://www.sec.gov/rules/sro/ise/2007/34-56956.pdf