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Re: Fed meeting



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Does anyone know when the results of the Fed meeting will be
available?...thanks...Jim

THE DOCTOR wrote:

> DOW options and index options in general are similar to the equity options you
> are familiar with with a few exceptions.    First DOW options are european,
> which means they cannot be early exercised.... they can be bought and sold all
> day long, but only exercised on the Friday of their expiration month.
>
> They settle AM instead of PM like equities.  So for example the November series
> halt trading at the COB this Thursday... settle at the opening on Friday
> AM...the November options do NOT trade on Friday, but exercise back to the
> Friday AM opening settlement.
>
> They cash settle as opposed to physical settlement for equities.. so only cash
> moves between accounts.
>
> You might want to visit the CBOE website for more info and the DOW options.  My
> description applies to the DOW equity options, the CBOT also trades options on
> the DOW future and you might want to visit their website for specifics.
>
> Frank Thompson wrote:
>
> > I am looking at "Options On The DOW" and was wondering if anyone has any
> > experience with them.  I am familiar with standard equity calls and puts and
> > wonder what the differences are.  I would appreciate any of your comments?
> >
> > Thanks for your input.
> >      Frank