Dow Jones Index Options offered at CBOE

From MarketsWiki

• DJX is the symbol for options based on The Dow Jones Industrial Average (DJIA). The DJX index option contract is based on 1/100th (one-one-hundredth) of the current value of the Dow Jones Industrial Average. So, for example, when DJIA is at 13,000, the DJX level will be 130. The DJIA - the index on which the DJX contracts are based - is the oldest (established 1896) continuing U.S. market index, and the DJIA probably is the world's best known stock index to individual investors.^[1]

• DXL is the symbol for Jumbo-DJX index options based on the Dow Jones Industrial Average (DJIA), but are 1/10th the value of the Dow Jones Industrial Average, but ten times larger than the DJX options contract also traded at CBOE. Like DJX options, DXL options are cash-settled. ^[2]

• DIA is the symbol for options on DIAMONDS®. DIAMONDS are shares in an exchange-traded fund designed to track the performance of the Dow Jones Industrial Average (DJIA). One key feature differentiating DIA options from DJX options is the type of settlement. Investors looking for a physically-settled Dow-based option can now consider DIA options, which will represent 100 shares of the underlying DIAMONDS Trust, Series I, and will be American-style exercise. Investors who seek a cash-settled, European-style index option may consider DJX options. Options on DIAMONDS are available from 8:30 a.m. to 3:15 p.m. CT.^[3]

• The CBOE DJIA Volatility Index (VXD) is based on real-time prices of options on the Dow Jones Industrial Average (DJIA, with an options ticker of DJX), and is designed to reflect investors' consensus view of future (30-day) expected stock market volatility.^[4]

Resources

• Also see CBOE index options for a full listing of indexes traded on CBOE.

References

1. ↑ "Dow Products-DJX". Chicago Board Options Exchange. Retrieved on November 11, 2007.
2. ↑ "Dow Products-DXL". Chicago Board Options Exchange. Retrieved on November 11, 2007.
3. ↑ "Dow Products-DIA". Chicago Board Options Exchange. Retrieved on November 11, 2007.
4. ↑ "Dow Products-VXD". Chicago Board Options Exchange. Retrieved on November 11, 2007.