DIAMONDS

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DIAMONDS is the nickname for an exchange traded fund (ETF) based on a unit investment trust created by State Street Global Advisors that seeks to match investment results, before expenses, that generally correspond to the price and yield performance of the Dow Jones Industrial Average (DJIA).[1] The Trust holds the portfolio and cash, but does not actively manage the portfolio. Rather, the positions are from time to time changed to conform with periodic changes in the DJIA components. As of February 2008, the Trust had assets of $9,355,655,396 and 67,109,070 shares.[2]

Options

Options on DIAMONDS represent 100 shares of the underlying DIAMONDS Trust, Series I and utilize an American-style exercise. The shares are physically delivered. Investors wanting a cash-settled, European-style index options based on the DJIA could use DJX options.

Trading began Monday, May 20, 2002 for 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 (DJIAsm).

The CBOE has a micro-web site dedicated to options on DIAMONDS.[3]

References

  1. Snapshot:Diamonds. MSN.
  2. DIAMONDS® TRUST, SERIES 1. State Street Global Advisors.
  3. Options on DIAMONDS. CBOE.