Introduction

For years, sophisticated investors have used listed options as alternatives to OTC-traded credit derivatives such as credit default swaps (CDS). CBOE is now highlighting "DOOM^SM"or "Deep Out-Of-the Money" put options because investors are demanding listed alternatives now more than ever before. The following link explains how DOOM Put Options and CDS are functionally similar, and provides several specific examples that compare the viability of DOOM Put Options to CDS. It also provides a list of potential names where investors may currently use DOOM Put Options in place of CDS.

DOOM Quick Reference Guide

DOOM^SM is a servicemark of Peter Carr, 2009.