David, I'm interested in hedging some with these options....|
December 7600 sounds like exactly what I want.
But, I haven't dealt with options before-would you mind explaining
a couple things to a newbie?
1. What exactly is one djx put? If I have one 7600 put in Dec. and
dow is at 7000, is it worth $600? Or 60? Or something else??
Also I saw several Dec 7600 puts listed for quite different
prices....but I couldn't understand the difference between them.
2. How do you exercise them if it comes to that?
Thanks in advance-