Subject: File No. SR-Phlx-2014-46
From: Colin J Gerrard
Affiliation: Market Participant

August 28, 2014

As an active options trader I fully support the proposal to offer SPY option strike prices in $1.00 intervals above $200.

Please approve and allow the implementation of this proposed rule change as soon as possible as the SPY is now trading above $200 and the wide strike prices do not allow me the opportunity to trade options with the acceptable risk / reward my strategy calls for.