Dow Jones Industrial Average (.DJX) Jan 82 puts and calls saw increasing open interest, as some spread traders appear to be selling them against March and Feb 82 puts and calls. With the Dow sitting at 8,200, DJX (equal to 1/100th of the industrial average) is at risk of being pinned to the 82 strike. Settlement value is based on opening price of last business day before expiration (Friday). Stock index futures currently hint at a 4-point loss for the Dow this morning.
Category: All Indexes
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.