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Trading began Monday, May 20, 2002 for CBOE's newest index-based addition: Options on DIAMONDS (ticker symbol DIA). DIAMONDS are shares  in an exchange-traded fund designed to track the performance of the Dow Jones Industrial Average (DJIA ). Options on DIAMONDS are offered exclusively by CBOE in addition to Options on the Dow (DJX). Both DIA and DJX options can provide your customers with exposure to the DJIA in one transaction that can also offer the benefit of limited risk, if purchasing a DIA option.One key feature differentiating DIA options from DJX options is the type of settlement. Customers 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. Customers who seek a cash-settled, European-style index option may consider DJX options. Initial response appears favorable, with 16,719 contracts traded in the first two trading days and David Moran, president of Dow Jones Indexes, commenting, "CBOE remains the number one marketplace in the world for listed options and its members have built an excellent trading environment for options based on the Dow Jones Industrial Average. Their unique, sophisticated hybrid trading floor continues to boost volumes on The Dow contract. With the Dow Jones Industrial Average and the Dow Jones Euro Stoxx 50, Dow Jones has the most recognized blue chip indexes on two continents. We are confident that investor demand for products linked to these leading indexes will continue to grow." For more information on CBOE's DIA options, click here. 
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| Options are not suitable for every investor. For more information, consult your investment advisor. Prior to buying and selling options, a person must receive a copy of Characteristics and Risks of Standardized Options which is available from your broker or from The Options Clearing Corporation (OCC) by calling 1-888-OPTIONS, or by writing to OCC at One North Wacker Dr. Suite 500, Chicago, IL 60606. "The Dow Industrials | ||||||||||||||||||||||||||||||||||||||||
DIAMONDS (DIA) are shares in an exchange-traded fund designed to track the performance of the Dow Jones Industrial Average (DJIA). Customers 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. Customers who seek a cash-settled, European-style index option may consider DJX options.
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2002 Chicago Board Options Exchange, Incorporated.
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