138 Index options Option contracts are on 100 times the index The most popular underlying indices are the Dow Jones Industrial(European DJX the S&P 100(American)OEX the S&P 500(European ) SPX Contracts are settled in cash Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 13.8 Index Options • Option contracts are on 100 times the index • The most popular underlying indices are – the Dow Jones Industrial (European) DJX – the S&P 100 (American) OEX – the S&P 500 (European) SPX • Contracts are settled in cash