DOW JONES PUT OPTIONS?

Tired of sitting around watching Wall Street scumbags get rich? Ready to put you money where your mouth is? Interested in buying Dow Jones Put Options? Here is what Yahoo Answers will tell you >But first read this:

http://seekingalpha.com/article/104974-nassim-taleb-renegade-trader-with-renegade-ideas-that-work

and this: http://online.wsj.com/article/SB122567265138591705.html

and then this:

http://www.dailyfinance.com/2009/07/23/dow-breaks-9000-but-is-this-a-bear-market-rally/

Then if you are feeling brave go on and read this:

YAHOO ANSWERS:

If you want to trade options on the Dow Jone Industrial Average index itself, you can use the DJX index option contract, which is based on 1/100th (one-one-hundredth) of the current value of the Dow Jones Industrial Average, or the "Jumbo DJX" Index (symbol DXL), which is based on 1/10th the value of the Dow Jones Industrial Average ("DJIA"). Both of these are cash-settled European-style options.

If you want to trade options on the DIAMONDS ETF the symbol is DIA. These are American-Style options settled by physical delivery of 100 shares of the ETF.

Note that some brokerages will require a higher trading authorization level to trade index options than ETF options.

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Other than a free trial, probably the only place you can get free real-time quotes of options is from your brokerage. You can get free 20-minute delayed quotes for all these options from

http://www.cboe.com/DelayedQuote/QuoteTa…

Just enter DJX, DJL or DIA as the "Stock or Index symbol" where requested.

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If you click the box labeled "List all options, LEAPS, Credit Options & Weeklys if avail" at the quote site mentioned you will see all the expiration dates.

Note that the DIA options have "quarterly" expirations as well as the regular monthy expirations. Quarterly options expire on the last business day of each calendar quarter, not on the Saturday following the third Friday of the month. The symbols for the DIA quarterlies are BQQ, HLK and OVG.

And now a word from Goldman Sachs:

"We have experienced the brief euphoric one-month “pop” phase of the typical equity market recovery from a bear market low (27% rally from 667 to 850), endured the characteristic several-month long range-bound “stall” period (10% range from 850 to 940), and now we anticipate a more extended “sustained rally” in the U.S. equity market during the second-half of 2009.

Goldman scribes say, “although earnings, valuation, and money flow offer support to our view that the S&P 500 will experience a more sustained rally during the second-half of 2009, the fourth pillar of our analysis — the U.S. economy — is the shakiest part of the foundation.”

Economy? We don't care about no stinkin economy!!!!