WEEKLYSSM OPTIONS FROM CBOE:
Now Trade Expiration Week Every Week!
View the Weeklys webinar
brought to you by Jim Bittman
and Dan Sheridan
No one wants to wait. With Weeklys from CBOE, you don't have to. Weeklys are options that are listed with approximately one week to expiration. Because of their short term Weeklys can be cheaper to use and can provide investors with more targeted trading opportunities. This flexibility can help investors take advantage of market events, such as earnings, government reports and Fed announcements.
CBOE's Weeklys options are short term options that are listed on Thursday and expire the following Friday. New Weeklys are listed each week except that no new Weeklys are listed that would expire during the expiration week for standard options (the third Friday of each month).
NEW WEEKLYS NOW AVAILABLE FOR TRADING
CBOE recently expanded the number of Weeklys available for trading and now offers more than 20 different classes including Indexes, Stocks and Exchange Traded Funds.
For the updated list of available Weeklys go to: AVAILABLE WEEKLYS
| Weeklys Classes by type |
New Weekly series listed |
Last Trading Day |
Expires On |
Settles |
Exercise Style |
| Indexes such as: |
S&P 500 Index
SPX |
Thursday A.M. |
Thursday |
Friday |
Friday A.M. |
European
(cash settled) |
Dow Jones Industrial Average
DJX |
Thursday A.M. |
Thursday |
Friday |
Friday A.M. |
European
(cash settled) |
S&P 100 Index (American)
OEX |
Thursday A.M. |
Friday |
Friday |
Friday P.M. |
American
(cash settled) |
S&P 100 European-style
XEO |
Thursday A.M. |
Friday |
Friday |
Friday P.M. |
European
(cash settled) |
|
| Exchange Traded Funds such as: SPY, IWM, QQQQ, USO, GLD and others* |
Thursday A.M. |
Friday |
Friday |
Friday P.M. |
American (Physically settled) |
| Equities such as: AAPL, BAC, BP, F, GOOG and others* |
Thursday A.M. |
Friday |
Friday |
Friday P.M. |
American (Physically settled) |
*Note that the ticker symbols listed here are examples and may not be available for trading on any given week.
Currently the number of Weeklys classes that can be listed at any given time is limited. Consequently, the names available for trading may change from week to week, with one class being added and another deleted. The list of classes available to trade for the current week and the following week can be found at: Available Weeklys
Weeklys Ticker Symbols
Root ticker symbols for Weeklys are now the same as the underlying security, so they can be found in standard options chains. For example, on CBOE's delayed quotes page, Delayed Quotes Table, just enter "OEX" and OEX Weeklys will be part of the OEX options chain. For example, OEX Weeklys calls that expire on August 6, 2010 may be listed as "OEX1006H500-E" where "10" represents the year 2010; "06" indicates the expiration day; "H" represents August calls, "500" represents the strike and "E" represents CBOE. OEX Weeklys puts that expire on August 6 may be listed as "OEX1006T500-E", where "T" is the symbol for August puts (see table below).
| |
JAN |
FEB |
MAR |
APR |
MAY |
JUN |
JUL |
AUG |
SEP |
OCT |
NOV |
DEC |
| CALLS |
A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
| PUTS |
M |
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
X |
For Delayed Quotes, go to: http://www.cboe.com/DelayedQuote/QuoteTable.aspx
Weeklys Now Start On Thursday
As of July 1, 2010 new Weekly option series at CBOE will be listed on Thursdays and expire the following Friday. Previously, new series were listed on Friday and expired the following Friday. No new Weeklys are listed that would expire during the expiration week for standard options, which is the third Friday of each month. See the press release for more information.
Press Release - CBOE EXPANDS WEEKLY OPTIONS BY ONE DAY
Options involve risk and are not suitable for all
investors. Prior to buying or selling an option, a person must receive a copy
of Characteristics and Risks of Standardized
Options (ODD). Copies of the ODD are available from your broker, by
calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North
Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this
website is provided solely for general education and information purposes and
therefore should not be considered complete, precise, or current. Many of the
matters discussed are subject to detailed rules, regulations, and statutory
provisions which should be referred to for additional detail and are subject to
changes that may not be reflected in the website information. No statement
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