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How are DJX options premiums quoted?

April 26, 2017djx Options premiums quoted

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How are DJX options premiums quoted?

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DJX option premiums are quoted in a manner identical to equity options. Premium quotes are stated in decimals. One point equals $100. Minimum tick for options trading below 3.00 is 0.05 ($5.00) and for all other series, 0.10 ($10.00). Exercise, or strike prices, of DJX options and LEAPS are set at 1 point intervals to bracket the current value of the index.