Uncovered Options Trading System

Options Autotrading

DJIA Index Futures

Category: Equity Index Futures / US Index Futures

About DJIA Index Futures

The DJIA Index Futures have been developed to track the price (performance) of the Dow Jones Industrials index (DJI). They were introduced and become available for trading in 1997 year. The DJIA Futures are traded on the Chicago Merchandise Exchange (CME).

The DJIA Index Futures belongs to the group of the "US Index" futures from the "Equity Index" futures category.

The value of the one DJIA Index Futures contracts is $10 times the value of the Dow Jones Industrials index. If for example, the Dow Jones Industrials index (DJI) is traded at $14,000, the value of one future contracts gives to a furfures trader a buying power that is equivalent to $140,000 (10 times bigger). Furthermore, if the Dow Jones Industrials index moves up or drops down for one point, the DJIA Futures contract increase or decline in its value by $10. The tick size (minimum price fluctuation) of the DJIA Index Futures contract is 1 which correspond to $10.00.

The DJIA Index Futures are traded under the "ZD" symbol and the regular trading hours for futures are from 5 p.m. EST to 3:15 p.m. EST on the next trading day. The ZD futures contracts are classified by the month of expiration. The ZD futures expire on the third Friday of March, June, September and December. Based on the expiration, the year's number and month's letter are added to the futures symbol for its identification.

The ZD futures that expire in March have "H" letter added, June expiration futures have "M" letter added, for September expiration futures "U" letter is used and those futures that expire in December have "Z" letter added at the end. Furthermore, the DJIA Index Futures that expire in June 2024 are traded under the "ZD4M" symbol, the September 2024 expiration contracts are traded under the "ZD4U" symbol, December 2024 expiration DJIA Futures have "ZD4Z" symbol and the ones that expire in March 2025 are listed under the "ZD5H" symbol.

DJIA Index Futures Contracts

Ticker Symbol:ZD
Commodity:Dow Jones Industrials index (DJI)
Available for trading since:1997
Expiration Cycle:Four times a year on third Friday of March, June, September and December.

Next four expirations are
ZD4M - June 2024
ZD4U - September 2024
ZD4Z - December 2024
ZD5H - March 2025
Contract Size:$10 x Dow Jones Industrials index price
Minimum Tick Size:1 = $10.00
Traded on:Chicago Merchandise Exchange (CME)

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DISCLAIMER: THIS INFORMATION IS INTENDED FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE ANY FINANCIAL ADVICE. RISK IS INVOLVED IN ALL STYLES OF MONEY MANAGEMENT. Uncovered options trading involves greater risk than stock trading. You absolutely must make your own decisions before acting on any information obtained from this Website.

The return results represented on the web site are based on the premium received for the selling options short and do not reflect margin. It is recommended to contact your broker about margin requirements on uncovered options trading before using any information on this web site. Use our "Trade Calculator" to recalculate our past performance in relation to the margin requirements, brokerage commissions and other trading related expenses. Past performance is not indicative of future results.

Risk Statement:

Naked options trading is very risky - many people lose money trading them. It is recommended contacting your broker or investment professional to find out about trading risk and margin requirements before getting involved into trading uncovered options.

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