Diamond Options Position Limit Increased At CBOE

The Chicago Board Options Exchange (CBOE) today announced that, effective as of February 24, the position and exercise limit in options on DIAMONDS (DIA) was increased at CBOE to 300,000 contracts on either side of the market, from 75,000 contracts. Options on DIAMONDS have been available at CBOE since May 2002.

DIAMONDS are shares in an exchange-traded fund designed to track the performance of the Dow Jones Industrial Average (DJIA). Options on DIAMONDS provide investors with exposure to the DJIA in one transaction that can also offer the benefit of limited risk. Buyers of DIA options have pre-determined risk that is limited to the amount of premium paid.