Options were once traded with strike price intervals that were no narrower than $2.50. That has changed, however. At present, a large number of ETFs, including the ones on the major stock market indexes (the Dow, the S&P 500 and the NASDAQ 100) trade in $1 strike intervals. There are also a large number of equities that trade in $1 strike intervals. We list these stocks in Figure 1 on page 4. Notice that none of these equities currently has a common price above $50 and that many of them trade at prices way below where they were a year ago.