On October 19th, the SEC approved NASDAQ OMX PHLX's proposal to amend Commentary .05 to Exchange Rule 1012, Series of Options Open for Trading, regarding the $.50 Strike Program to expand the permitted price range of the $.50 Strike Program from $1.00 - $3.50 to $0.50 - $5.50; raise the threshold of the previous day's closing price of the underlying security from $3.00 to $5.00; and expand the number of options classes permitted under the Program from 5 to 20. SEC Release No. 34-63132.