DJIA Index Futures Quotes
The CBOT Dow Jones Industrial Average
(DJIA) Index futures contract is worth $10 times the value of the futures index and delivery is settled in cash;
however, the vast majority of the futures positions are offset well before delivery. The CBOT DJIA Index futures contract
is priced in dollars and cents.
Example of Futures Quote:
11,799 = 11,799 Index Points.
One Index Point equals $10
11,799 X $10 = $117,990
(the amount of DJIA that you are leveraging with 1 contract at that price)
DJIA Index Options Quotes
The CBOT DJIA Index options contract control one DJIA futures
contract. Twenty strike prices are listed up and down from "at the money" at 100-point increments, plus ten addition
strike prices above and below the highest and lowest 100-point intervals.
One point of option premium equals $100, and .01 of option premium
equals $10
Example
of Option Quote:
10,900 put = 37.30 points so,
37.30 X $1,000= $3,730 (price of option)
