What is a mini-sized Dow option?

A mini-sized Dow option controls one underlying E-mini Dow futures contract. An E-mini dow futures contract is a financial derivative whose underlying asset is the Dow Jones Industrial Average (DJIA) Index. The underlying futures contract moves in one-point increments worth $5 each.

What are E-mini Dow options?

E-mini Dow options allow traders and investors access to the Dow Jones Industrial Average (DJIA), which they can use to hedge or speculate on the future movement of the DJIA. Trading mini contracts means traders and investors can purchase the contracts for a lower price than a standard contract. The contracts also come with higher liquidity.

What is a E-mini & how does it work?

Representing a portion of the standard Dow Jones Industrial Average futures, these E-mini products allow you to short the index without stock loans or variable fees. Enjoy added flexibility and efficiency with the ability to execute a basis trade relative to the official close.

What is the tick value of a Micro E-mini Dow?

The tick value of the micro E-mini Dow is $0.50. The tick value of the standard E-mini Dow is $5. To arrive at the value of the contract you would take the tick value (either $0.50 or $5) and multiply it by the value of the DJIA Index.