In an effort to gauge the market’s overall performance, industry participants developed indexes. Two of the most widely followed indexes are the Dow Jones Industrial Average and the Standard and Poor’s 500. There are two types of indexes: broad based indexes such as the S & P 500 (SPX) or S & P 100 (OEX) that track a large number of stocks, and narrow based indexes such as the semiconductor index (SOX) that track only a particular industry. The following table details some of the more popular indexes an investor can trade options on:

Broad Based Indexes Narrow Based Indexes

S & P 500 / SPX

Semiconductor Index / SOX

S & P 100 / OEX

Oil Index / OIX

Dow Jones Industrials / DJX

Pharmaceutical Index / DRG

NASDAQ 100 / NDX

Computer Technology / XCT

 

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