CBOE offers a wide array of investment products, including options on Equities, Indices, Interest Rates, Exchange Traded Funds and HOLDRs. CBOE also trades Futures through the CBOE Futures Exchange, and will soon begin listing options on Futures. For more information on these products please review the sections below.
You may also register with MyCBOE to receive email alerts regarding new option products.
An equity option is a contract which conveys to its holder the right, but not the
obligation, to buy or sell shares of the underlying security at a specified price on or
before a given date. For additional information on equity options, equity LEAPS (Long-Term Equity AnticiPation Securities), and product specifications, click the "Equity Options Overview" link above.
CBOE currently trades cash-settled index options on approximately 40 different indexes. Index options allow investors to make investment decisions on a specific market industry or on the market as a whole. For additional information on index options, including specifications, click the "Index Options Overview" link above.
CBOE trades options on Exchange Traded Funds (ETFs) which are shares of trusts that hold portfolios of stocks designed to closely track the price performance and yield of specific indices. As ETFs trade like stock, options on these products are operationally similar to options on stock. Options on ETFs are physically settled and have an American-style exercise feature. LEAPS are offered on select ETF option products.
CBOE also trades options on HOLding Company Depositary Receiptssm (HOLDRs) that are trust-issued receipts that represent an investor's beneficial ownership of a specified group of stocks. HOLDRs allow investors to benefit from the ownership of stocks in a particular industry, sector or group. For additional information on Options on ETFs & HOLDRs, including specifications, click the "Options on ETFs & HOLDRs" link above.
CBOE lists options based on the yield-to-maturity of the most recently auctioned 13-week U.S. Treasury Bill (IRX), 5-year Treasury Note (FVX), 10-year Treasury Note (TNX) and the 30-year Treasury Bond (TYX). For additional information on interest rate options, including specifications, click the "Interest Rate Options" link above.
CBOE, through the CBOE Futures Exchange, offers futures products on select indices. For additional information on the CBOE Futures Exchange, including product listings, specifications, and more, click the "Futures" link above.
CBOE offers index-based investment products which enable investors to buy or sell shares of entire portfolios of stock in a single security. For additional information on exchange traded funds, including specifications, click the "Exchange Traded Funds" link above.
Easily locate additional information about specific index products by browsing through a list of index sites containing information regarding some of the most popular CBOE-listed indices. For a list of all Index Sites available, click the "Index Sites" link above.
Long-term Equity AnticiPation Securities® (LEAPS®) are long-term option contracts that allow investors to establish positions that can be maintained for a period of up to three years. CBOE lists LEAPS on Equity and Index products. Click the "LEAPS" link above to access the LEAPS resource page.
CBOE Binary Options are a pure and simple way to trade based on your opinion of where a market is headed over a certain period of time. They are contracts that, at expiration, pay out a pre-determined, fixed amount or nothing at all.
Weeklys Options are options that have a life of one week, listing on a Friday, and expiring the following Friday, thus providing an efficient way to trade options specifically around certain news or events - such as economic data or earnings announcements. Click "Weeklys" above to learn more!
Quarterly Options are series of options that expire on the last business day of each calendar quarter. Click "Quarterlys" to find out more!
FLexible EXchange® Options (FLEX® Options) are customized equity or index option contracts made available by the Chicago Board Options Exchange. Click the "FLEX" link above to visit the FLEX resource page.