Indexes

Liquid ETFs and Indexes

ETFs:
OEF S&P 100
SPY S&P 500
QQQQ NASDAQ-100
DIA Dow Jones Industrial Average
MDY S&P Midcap
IWM Russell 2000 (Small Cap)
IWN Russell 2000 Value (Small Cap Value)
EFA MSCI EAFE (Europe, Asia, Far East)
EEM Emerging Markets
XL* SPDR Sector Funds

Indexes:
OEF S&P 100
SPX S&P 500
NDX NASDAQ-100
DJX Dow Jones Industrial Average
RUT Russell 2000

 

Appendix: List of Index ETFs and Futures

The tables provided in this appendix can be used as a starting point for selecting the underlying securities for a leveraged portfolio. The following listings identify the indexes and ETFs that have options available, and at the beginning of each list we highlight the most widely traded and well-known indexes.

Before selecting an index, be sure to track the pricing for a period of time and confirm that there is liquidity, both for the index or ETF overall, and for options at the specific strike prices and expiration dates that will be used in the strategy. Also, compare the implied volatility for at the money options on the security with the historical volatility and verify that the volatility premium is consistent.

More information can be found at the web sites for the exchanges, and at an excellent online resource provided by the Options Industry Council (www.888options.com), which also provides the original materials that were the starting points for this listing.

Table A.1: Index Options

Most Liquid Index Options
Ticker Index
DJX Dow Jones Industrial Average
NDX NASDAQ-100 Index
OEX S&P 100 Index (OEX)
RUT Russell 2000 Index
SPX S&P 500 Index (SPX)

Other Index Options
Ticker Index
BKX PHLX/KBW Bank Sector Index
BTK Biotech Index
BYT ISE Semiconductors
CMR Morgan Stanley Consumer Index
CRX Morgan Stanley Commodity Related Equity Index
CYC Morgan Stanley Cyclical Index
DFI Defense Index
DFX PHLX Defense Sector
DOT TheStreet.com Internet Sector
DRG Pharmaceutical Index
DUX Dow Jones Utility Average
DXL Jumbo DJX Index
EPX SIG Oil Exploration & Production Index
EUR EUROTOP 100 Index
EXQ CBOE Exchange Index
GOX CBOE Gold Index
HAI Hapoalim American Israeli Index
HGX PHLX Housing Sector
HKO Hong Kong Option Index
HSX ISE-CCM Homeland Security
HUI Gold BUGS Index
HVY ISE Gold Index
IIX Inter@ctive Week Internet Index
IXK ISE 50
IXX ISE 100
IXZ ISE 250
JLO ISE US Regional Banks
JPN Japan Index
KRX KBW Regional Bank Index
MFX KBW Mortgage Finance Index
MID S&P MidCap 400 Index
MID S&P MidCap 400 Index
MNX Mini-NDX Index
MSH Morgan Stanley High-Technology 35 Index
MVR Morgan Stanley Retail
NBI Nasdaq Biotechnology
OIX CBOE Oil Index
OSX PHLX Oil Service Index
PMP ISE Integrated Oil and Gas
POW ISE-CCM Alternative Energy Index
RMN Mini-Russell 2000 Index
RMN Mini-Russell 2000 Index Options
RND ISE Pharmaceuticals
RUF ISE Homebuilders
RUI Russell 1000 Index
RVX CBOE Russell 2000 Volatility Index
RXS PHLX Drug Sector
SIN ISE SINdex
SML S&P SmallCap 600 Index
SOX PHLX Semiconductor Sector Index
UTY PHLX Utility Sector Index
VIX CBOE Volatility Index
VXN CBOE Nasdaq—100 Volatility Index
XAL Airline Index
XAU PHLX Gold and Silver Sector Index
XBD Securities Broker/Dealer Index, The
XCI Computer Technology Index
XDB British Pound Currency
XDE Euro Currency
XEO S&P 100 Index European
XMI Major Market Index
XNG Natural Gas Index, The
XOI Oil Index
XSP Mini-SPX Index

Table A.2: Index Options

Most Liquid Index Options
Ticker Index
DIA Options on DIAMONDS®
EFA iShares MSCI-EAFE
EEM iShares MSCI-Emerging Markets Index Fund
IWM iShares Russell 2000
IWN iShares Russell 2000 Value
IWO iShares Russell 2000 Growth
MDY Standard & Poor's MidCap 400 SPDRS
OEF iShares S&P 100 Index Fund
SPY SPDRS SPY
QQQQ Nasdaq-100 Index Tracking Stock
XLB Select Sector SPDR-Materials
XLE Select Sector SPDR-Energy
XLF Select Sector SPDR-Financial
XLI Select Sector SPDR-Industrial
XLK Select Sector SPDR-Technology
XLP Select Sector SPDR-Consumer Staples
XLU Select Sector SPDR-Utilities
XLV Select Sector SPDR-Health Care
XLY Consumer Discretionary Select Sector SPDR

Other Index Options
Ticker Index
ADRE BLDRS Emerging Markets 50 ADR Index Fund
AGG iShares Lehman Aggregate Bond Fund
BIL SPDR Lehman 1–3 Month T-Bill ETF
BIV Vanguard® Intermediate-Term Bond ETF
BLV Vanguard® Long-Term Bond ETF
BND Vanguard® Total Bond Market ETF
BSV Vanguard® Short-Term Bond ETF
CGW Claymore S&P Global Water Index ETF
CSD Claymore/Clear Spinoff ETF
DBA PowerShares DB Agriculture Fund
DBB PowerShares DB Base Metals Fund
DBC Powershares DB Commodity Index Tracking Fund
DBE PowerShares DB Energy Fund
DBO PowerShares DB Oil Fund
DBP PowerShares DB Precious Metals Fund
DBS PowerShares DB Silver Fund
DBV PowerShares DB G10 Currency Harvest Fund
DEF Claymore/Sabrient Defense ETF
DES WisdomTree SmallCap Dividend Fund
DGL PowerShares DB Gold Fund
DGT streetTRACKS®—DJ Global Titans Index Fund
DHS WisdomTree High-Yielding Equity Fund
DLN WisdomTree LargeCap Dividend Fund
DSI iShares KLD 400 Social Index Fund
DTD WisdomTree Total Dividend Fund
DTN WisdomTree Dividend Top 100 Fund
DVY iShares Dow Jones Select Dividend Index Fund
EEB Claymore/BNY BRIC ETF
ELR streetTRACKS DJ Wilshire Large Cap ETF
EMG streetTRACKS DJ Wilshire Mid Cap Growth ETF
EMM streetTRACKS DJ Wilshire Mid Cap ETF
EVX Market Vectors Environmental Services ETF
EWA iShares MSCI Australia Index Fund
EWC iShares MSCI Canada Index Fund
EWD iShares MSCI Sweden Index Fund
EWG iShares MSCI Germany Index Fund
EWH iShares MSCI Hong Kong Index Fund
EWJ iShares MSCI Japan Index Fund
EWM iShares MSCI Malaysia Index Fund
EWP iShares MSCI Spain Index
EWT iShares MSCI TAIWAN Index Fund
EWU iShares MSCI United Kingdom Index Fund
EWY iShares MSCI South Korea Index Fund—ETF
EWZ iShares MSCI Brazil Index Fund
EXB Claymore/Clear Global Exchanges, Brokers & Asset Managers Index ETF
FBT First Trust Amex Biotechnology Index Fund
FCG First Trust ISE-Revere Natural Gas Index Fund
FDL First Trust Morningstar Dividend Leaders Index Fund
FDM First Trust Dow Jones Select MicroCap Index Fund
FEZ DJ Euro Stoxx 50 ETF
FIW First Trust ISE Water Index Fund
FPX First Trust IPOX-100 Index Fund
FXA CurrencyShares Australian Dollar Trust
FXB CurrencyShares British Pound Sterling Trust
FXC CurrencyShares Canadian Dollar Trust
FXE CurrencyShares Euro Trust
FXF CurrencyShares Swiss Franc Trust
FXM CurrencyShares Mexican Peso Trust
FXN First Trust Energy AlphaDEX Fund
FXS CurrencyShares Swedish Krona Trust
FXU First Trust Utilities AlphaDEX Fund
FXY CurrencyShares Japanese Yen Trust
GAF SPDR® S&P Emerging Middle East & Africa ETF
GDX The Market Vectors—Gold Miners ETF
GII SPDR® FTSE/Macquarie Global Infrastructure 100 ETF
GKD Ameristock/Ryan 10-Year Treasury ETF
GKE Ameristock/Ryan 20-Year Treasury ETF
GMF SPDR®® S&P Emerging Asia Pacific ETF
GMM SPDR®® S&P Emerging Markets ETF
GSG iShares GSCI Commodity-Indexed Trust
GXC SPDR®® S&P China ETF
HHJ HealthShares Emerging Cancer ETF
HYG iShares iBoxx $ High Yield Corporate Bond Fund
ICF iShares Cohen & Steers Realty Majors
IDU iShares DJ®® US Utilities Sector
IEF iShares Lehman 7-10 Year Treasury Bond Fund
IGM iShares Goldman Sachs®® Technology Index
IGN iShares®® Goldman Sachs Networking Index Fund
IGV iShares Goldman Sachs Software Index Fund
IGW iShares Goldman Sachs Semiconductor Index Fund
IJH iShares S&P MidCap 400 Index Fund
IJJ iShares S&P MidCap 400 Value Index Fund
IJK iShares S&P MidCap 400 Growth Index Fund
IJR iShares S&P SmallCap 600 Index Fund
IJS iShares S&P SmallCap 600 Value Index Fund
IJT iShares S&P SmallCap 600 Growth Index Fund
ILF iShares S&P Latin America 40
IPE SPDR Barclays Captial TIPS ETF
ITE SPDR Lehman Intermediate Term Treasury ETF
IVE iShares Trust S&P 500 Value Index Fund
IVV iShares Trust S&P 500 Index Fund
IVW iShares S&P 500 Growth Index Fund
IWB iShares Russell 1000
IWC iShares Russell Microcap Index Fund
IWD iShares Russell 1000 Value
IWF iShares Russell 1000 Growth
IWP iShares Russell Midcap® Growth Index Fund
IWR iShares Russell Midcap Index Fund
IWS iShares Russell Midcap Value Index Fund
IWV iShares Russell 3000
IYC iShares Dow Jones US Consumer Services Sector
IYE iShares Trust—DJ US Energy Sector Index Fund
IYF iShares Dow Jones U.S. Financial Sector Index Fund
IYG iShares Dow Jones US Financial Services Sector
IYH iShares Trust—DJ US Healthcare Sector Index Fund
IYJ iShares Dow Jones US Industrial Sector Index
IYK iShares Dow Jones US Consumer Goods Sector
IYM iShares Dow Jones U.S. Basic Materials Sector Index Fund
IYR iShares Dow Jones U.S. Real Estate Index Fund
IYT iShares Dow Jones Transportation Average Index Fund
IYW iShares Dow Jones U.S. Technology Sector Index Fund
IYY iShares DJ US Total Market
IYZ iShares Dow Jones U.S. Telecommunications Sector Index Fund
JPP streetTRACKS Russell/Nomura PRIME Japan ETF
JSC streetTRACKS Russell/Nomura Small Cap Japan ETF
KBE streetTRACKS ETF KBW Bank
KCE streetTRACKS ETF KBW Capital Markets
KIE streetTRACKS ETF KBW Insurance
KLD iShares KLD Select Social Index Fund
KRE streetTRACKS KBW Regional BankingSM ETF
LQD iShares GS $ InvesTop™ Corporate Bond Fund
MOO Market Vectors-Agribusiness ETF
NXT NYSE Arca Tech 100 ETF
OIH Oil Service HOLDRS Trust
ONEQ Options on Fidelity® Nasdaq Composite Index® Tracking Stock
OTP Claymore/Ocean Tomo Patent ETF
PBE PowerShares Dynamic Biotechnology & Genome Portfolio
PBS PowerShares Dynamic Media Portfolio
PBW PowerShares WilderHill Clean Energy Portfolio
PDQ PowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid Portfolio
PEZ PowerShares Dynamic Consumer Discretionary Sector Portfolio
PFI PowerShares Dynamic Financial Sector Portfolio
PFM PowerShares Dividend Achievers Portfolio
PFP PowerShares International Listed Private Equity Portfolio
PGJ PowerShares Golden Dragon Halter USX China Portfolio
PGZ PowerShares Dynamic Aggressive Growth Portfolio
PHJ PowerShares High Growth Rate Dividend Achievers Portfolio
PHO PowerShares Water Resource Portfolio
PID PowerShares International Dividend Achievers Portfolio
PJB PowerShares Dynamic Banking Portfolio
PJF PowerShares Dynamic Large Cap Portfolio
PJM PowerShares Dynamic Small Cap Portfolio
PMR PowerShares Dynamic Retail Portfolio
PRF PowerShares FTSE RAFI 1000 Portfolio
PRN PowerShares Dynamic Industrials Sector Portfolio
PSP PowerShares Listed Private Equity Portfolio
PTF PowerShares Dynamic Technology Sector Portfolio
PTH PowerShares Dynamic Healthcare Sector Portfolio
PTJ PowerShares Dynamic Healthcare Services Portfolio
PUW PowerShares WilderHill Progressive Energy Portfolio
PVM PowerShares Dynamic Deep Value Portfolio
PWB PowerShares Dynamic Large Cap Growth Portfolio
PWC PowerShares Dynamic Market Portfolio
PWJ PowerShares Dynamic Mid Cap Growth Portfolio
PWO PowerShares Dynamic OTC Portfolio
PWT PowerShares Dynamic Small Cap Growth Portfolio
PWV PowerShares Dynamic Large Cap Value Portfolio
PWY PowerShares Dynamic Small Cap Value Portfolio
PXE PowerShares Dynamic Energy Exploration & Production Portfolio
PXH PowerShares FTSE RAFI Emerging Markets Portfolio
PXJ PowerShares Dynamic Oil Services Portfolio
PXN PowerShares Lux Nanotech Portfolio
PYZ PowerShares Dynamic Basic Materials Sector Portfolio
PZD PowerShares Cleantech Portfolio
PZI PowerShares Zacks Micro Cap Portfolio
RFV Rydex S&P Mid Cap 400 Pure Value ETF
RPV Rydex S&P 500 Pure Value ETF
RSP RSP—Rydex S&P Equal Weight Index Fund
RSX Market Vectors Russia ETF Trust
RWR streetTRACKS® DJ Wilshire REIT ETF
RWX streetTRACKS® DJ Wilshire International Real Estate ETF
SDY SPDR Dividend ETF
SHY iShares Lehman 1–3 Year Treasury Bond Fund
SLX Market Vectors Steel ETF
TLO SPDR Lehman Long Term Treasury ETF
TLT iShares Lehman 20+ Year Treasury Bond Fund
TMW streetTRACKS DJ Wilshire Total Market ETF
UNG United States Natural Gas Fund, LP
USO United States Oil Fund, LP
VAW Vanguard Materials VIPERs
VB Vanguard Small-Cap VIPERs
VBK Vanguard Small-Cap Growth VIPERs
VBR Vanguard Small-Cap Value VIPERs
VCR Vanguard Consumer Discretionary VIPERs
VDC Vanguard Consumer Staples VIPERs
VDE Vanguard Energy VIPERs
VEU Vanguard FTSE All-World ex US ETF
VFH Vanguard Financials VIPERs
VGK Vanguard European VIPERs
VGT Vanguard Information Technology VIPERs
VHT Vanguard Health Care VIPERs
VIG Vanguard Dividend Appreciation VIPERs
VIS Vanguard Industrials VIPERs
VNQ Vanguard REIT VIPERs
VO Vanguard Mid-Cap VIPERs
VOE Vanguard Mid-Cap Value ETF
VOX Vanguard Telecommunication Services VIPERs
VPL Vanguard Pacific VIPERs
VPU Vanguard Utilities VIPERs
VTI Vanguard Total Stock Market VIPERs
VTV Vanguard Value VIPERs
VUG Vanguard Growth VIPERs
VV Vanguard Large-Cap VIPERs
VWO Vanguard Emerging Markets VIPERs
VXF Vanguard Extended Market VIPERs
VYM Vanguard High Dividend Yield ETF
XBI SPDR® Biotech ETF
XES SPDR® Oil & Gas Equipment & Services ETF
XHB SPDR® Homebuilders ETF
XME SPDR® Metals & Mining ETF
XOP SPDR® Oil & Gas Exploration & Production ETF
XPH SPDR® Pharmaceuticals ETF
XRT SPDR® Retail ETF
XSD SPDR® Semiconductor ETF