Question: how do djx options work?
Answer: DJX is the symbol for options based on The Dow Jones Industrial AverageSM (DJIASM). The DJX index option contract is based on 1/100th (one-one-hundredth) of the current value of the Dow Jones Industrial Average. So, for example, when DJIA is at 11,000, the DJX level will be 110.