Options on Exchange Traded Funds
CBOE trades options on Exchange Traded Funds (ETFs) and HOLding Company Depositary Receiptssm (HOLDRs). ETFs are shares of trusts that hold portfolios of stocks designed to closely track the price performance and yield of specific indices. HOLDRs 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.
As ETFs and HOLDRs trade like stock (see ETF Specifications for details), options on these products are operationally similar to options on stock. Options on ETFs and HOLDRs are physically settled and have an American-style exercise feature. LEAPS are offered on some of the products.
CBOE's Options on ETFs - Delayed Quotes and Product Specifications
Note: Click the ticker symbol for delayed quotes.
AGQ - ProShares Ultra Silver
AUS - NETS S&P/ASX 200 Index Fund
BBH - Biotech HOLDRs Trust
BGU - Direxionshares Large Cap Bull 3X Shares
BGZ - Direxionshares Large Cap Bear 3X Shares
BRF - Market Vectors Brazil Small Cap ETF
BWX - SPDR Barclays Capital International Treasury Bond ETF
CEW - WisdomTree Dreyfus Emerging Currency Fund
DAX - NETS DAX Index Fund
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
DDM - Ultra Dow 30 ProShares
DGL - PowerShares DB Gold Fund
DGT - streetTRACKS® - DJ Global Titans Index Fund
DIA - Options on DIAMONDS® | QUARTERLYS SPECIFICATIONS
DIG - Ultra Oil & Gas ProShares
DND - WisdomTree Pacific Ex-Japan Total Dividend Fund
DOG - Short Dow30 ProShares
DPK - Direxionshares Developed Markets Bear 3X Shares
DUG - UltraShort Oil & Gas ProShares
DVY - iShares® DJ Select Dividend
DWX - SPDR S&P International Dividend ETF
DXD - UltraShort Dow 30 ProShares
DZK - Direxionshares Daily Developed Markets Bull 3X Shares
EDC - Direxionshares Emerging Markets Bull 3X Shares
EDZ - Direxionshares Emerging Markets Bear 3X Shares
EEB - Claymore/BNY BRIC
EEM - iShares® MSCI Emerging Markets Index
EEV - UltraShort MSCI Emerging Markets ProShares
EFA - Options on iShares® MSCI EAFE® Exchange Traded Fund
EFU - UltraShort MSCI EAFE ProShares
EPI - WisdomTree India Earnings Fund
EPP - iShares® MSCI Pacific ex-Japan Index Fund
ERY - Direxionshares Energy Bear 3X Shares
ERX - Direxionshares Energy Bull 3X Shares
EUO - ProShares UltraShort Euro
EWA - iShares® MSCI Australia Index Fund
EWC - iShares® MSCI Canada Index Fund
EWD - iShares® MSCI Sweden Index
EWG - iShares® MSCI Germany Index
EWH - iShares® MSCI Hong Kong Index
EWJ - iShares® MSCI Japan Index
EWL - iShares® MSCI Switzerland Index Fund
EWM - iShares® MSCI Malaysia Index Fund
EWP - iShares® MSCI Spain Index
EWT - iShares® MSCI Taiwan Index Fund
EWW - iShares® MSCI Mexico Index
EWY - iShares® iShares MSCI South Korea Index Fund
EWZ - iShares® MSCI Brazil Index Fund
EZA - iShares® MSCI South Africa Index
EZU - iShares® iShares MSCI EMU Index Fund
FAS - Direxionshares Financial Bull 3X Shares
FAZ - Direxionshares Financial Bear 3X Shares
FEZ - DJ EURO STOXX 50
FPX - First Trust IPOX-100 Index Fund
FPX - First Trust IPOX-100 Index Fund
FRC - NETS CAC40 Index Fund
FXB - CurrencyShares British Pound Sterling Trust
FXE - CurrencyShares Euro Trust
FXP - UltraShort FTSE/Xinhua China 25 ProShares
FXY - CurrencyShares Japanese Yen Trust
GDX - Market Vectors Gold Miners ETF
GEX - Market Vectors Global Alternative Energy ETF
GLD - Options on SPDR® Gold Shares
GLL - ProShares UltraShort Gold
GSG - iShares GSCI Commodity-Indexed Trust
GWX - SPDR S&P International Small Cap ETF
GXC - SPDR S&P China ETF
HHH - Internet HOLDRs Trust
HKG - NETS Hang Seng Index Fund
HYG - iShares iBoxx $ High Yield Corporate Bond Fund
IAI - iShares® Dow Jones US Broker-Dealers Index Fund
IAT - iShares® Dow Jones US Regional Banks Index Fund
IAU - iShares® COMEX Gold Trust
IBB - iShares® Nasdaq® Biotechnology
ICF - iShares Cohen & Steers Realty Majors Index Fund
IDU - iShares® DJ® US Utilities Sector
IEF - iShares® Lehman 7-10 Year Treasury Bond Fund
IEI - iShares Barclays 3-7 Year Treasury Bond Fund
IEZ - iShares® Dow Jones US Oil Equipment & Services Index Fund
IFN - India Fund, Inc.
IGE - iShares® S&P GSSI Natural Resources Index Fund
IGM - iShares Goldman Sachs Tech. Index Fund
IGN - iShares® Goldman Sachs Networking Index Fund
IGV - iShares® Goldman Sachs Software Index Fund
IGW - iShares® Goldman Sachs Semiconductor Index Fund
IJR - iShares® S&P 600® Index Fund
ILF - iShares® S&P Latin America 40 Index
ITB - iShares® Dow Jones US Home Construction
IVV - iShares® S&P 500® Index Fund
IYY - iShares® DJ U.S. Total Market
IWB - iShares® Russell 1000® Index Fund
IWC - iShares® Russell Microcap Index Fund
IWD - iShares® Russell 1000 Value Index Fund
IWF - iShares® Russell 1000® Growth Index Fund
IWM - iShares® Russell 2000® Index Fund | QUARTERLYS SPECIFICATIONS
IWN - iShares® Russell 2000 Value Index Fund
IWO - iShares® Russell 2000 Growth Index Fund
IWP - iShares® Russell Midcap® Growth Index Fund
IWR - iShares® Russell Midcap Index Fund
IWS - iShares® Russell Midcap Value Index Fund
IWV - iShares® Russell 3000® Index Fund
IWW - IShares Russell 3000 Value Index
IWZ - IShares Russell 3000 Growth Index
IYE - iShares® Trust - DJ US Energy Sector Index Fund
IYF - iShares® Dow Jones US Financial Sector Index Fund
IYH - iShares® Trust - DJ US Healthcare Sector Index Fund
IYM - iShares® Dow Jones Basic Materials Sector Index Fund
IYR - iShares® DJ U.S. Real Estate
IYY - iShares® DJ US Total Market
IYZ - iShares® DJ U.S. Telecommunications Sector Index Fund
KBE - KBW Bank ETF
KCE - KBW Capital Markets ETF
KIE - KBW Insurance ETF
KOL - Market Vectors-Coal ETF
KRE - KBW Regional Banking ETF
KWT - Market Vectors Solar Energy ETF
LDN - NETS FTSE 100 Index Fund
LQD - iShares® GS$ InvesTop Corporate Bond Fund
MDY - Standard & Poor's MidCap 400® Index
MOO - Market Vectors Global Agribusiness ETF
MWJ - Direxionshares Mid Cap Bull 3X Shares
MWN - Direxionshares Mid Cap Bear 3X Shares
MZZ - UltraShort MidCap 400 ProShares
NLR - Market Vectors Nuclear Energy ETF
OEF - Options on iShares®® S&P 100® Index Fund
OIH - Oil Services HOLDRs Trust
ONEQ - Options on Fidelity® Nasdaq Composite Index® Tracking Stock
PBP - PowerShares S&P 500 BuyWrite Portfolio
PBW - Powershares Wilderhill Clean Energy ETF
PDP - Powershares DWA Technical Leaders Portfolio
PEJ - Powershares Dynamic Leisure & Entertainment Portfolio
PFF - iShares S&P U.S. Preferred Stock Index Fund
PGF - PowerShares Financial Preferred Portfolio
PGX - PowerShares Preferred Portfolio
PHO - Powershares Water Resources ETF
PIN - PowerShares India Portfolio
PIO - PowerShares Global Water Portfolio
PPH - Pharmaceutical HOLDRs Trust
PRF - PowerShares FTSETM RAFI US 1000 Portfolio
PSQ - Short QQQ ProShares
PST - UltraShort Lehman 7-10 Treasury ProShares
PXJ - PowerShares Dynamic Oil & Gas Services Portfolio
QDA - BLDRS Asia 50 ADR Index Fund
QDF - BLDRS Emerging Markets 50 ADR Index Fund
QID - UltraShort QQQ ProShares
QLD - Ultra QQQ ProShares
QQQQ - PowerShares QQQ Trust | QUARTERLYS SPECIFICATIONS
REW - ProShares UltraShort Technology
RKH - Regional Bank HOLDRs Trust
ROM - ProShares Ultra Technology
RSP - Rydex S&P Equal Weight Index Fund
RSU - Rydex 2x S&P 500 ETF
RSW - Rydex Inverse 2x S&P 500 ETF
RTH - Retail HOLDRs Trust
RWM - ProShares Short Russell 2000
SCO - ProShares UltraShort DJ-AIG Crude Oil
SDS - UltraShort S&P 500 ProShares
SDY - SPDR S&P Dividend ETF
SEA - Claymore/Delta Global Shipping Index
SH - Short S&P500 ProShares Fund
SHY - iShares® Lehman 1-3 Year Treasury Bond Fund
SIJ - ProShares UltraShort Industrials ETF
SKF - UltraShort Financials ProShares
SLV - iShares® Silver Trust
SLX - Market Vectors Steel ETF
SMH - Semiconductor HOLDRs Trust
SMN - UltraShort Basic Materials ProShares
SPY - SPDR® Options | QUARTERLYS SPECIFICATIONS
SRS - UltraShort Real Estate ProShares
SSG - UltraShort Semiconductor ProShares
SSO - Ultra S&P 500 ProShares
SWH - Software HOLDRs Trust
TAN - Claymore/MAC Global Solar Energy Index ETF
TBT - UltraShort Lehman 20+Year Treasury ProShares
TFI - SPDR Barclays Capital Municipal Bond ETF
TIP - iShares Barclays US Treasury Inflation Protected Securities Fund
TLT - iShares® Lehman 20+ Year Treasury Bond Fund
TMF - Direxion Daily 30-Year Treasury Bull 3X 3X
TMV - Direxion Daily 30-Year Treasury Bear 3X
TNA - Direxionshares Small Cap Bull 3X Shares
TTH - Telecom HOLDRs Trust
TUZ - PIMCO 1-3 Year Treasury Index Fund
TWM - UltraShort Russell 2000® ProShares
TYD - Direxion Daily 10-Year Treasury Bull 3X
TYH - Direxionshares Technology Bull 3X Shares
TYO - Direxion Daily 10-Year Treasury Bear 3X
TYP - Direxionshares Technology Bear 3X Shares
TZA - Direxionshares Small Cap Bear 3X Shares
UCO - ProShares Ultra DJ-AIG Crude Oil
UDN - PowerShares DB US Dollar Index Bearish Fund
UGA - United States Gasoline Fund
UGL - ProShares Ultra Gold
UNG - United States Natural Gas Fund
URE - Ultra Real Estate ProShares
USD - Ultra Semiconductor ProShares
USL - United States 12 Month Oil Fund LP
USO - United States Oil Fund
UTH - Utilities HOLDRs Trust
UUP - PowerShares DB US Dollar Index Bullish Fund
UWM - Ultra Russell 2000® ProShares
UXY - ProShares Ultra Industrials ETF
UYG - Ultra Financials ProShares
UYM - Ultra Basic Materials ProShares
VDE - Vanguard Energy ETF
VFH - Vanguard Financials ETF
VGK - Vanguard European ETF
VGT - Vanguard Information Technology ETF
VHT - Vanguard Health Care ETF
VIS - Vanguard Industrials ETF
VPL - Vanguary Pacific ETF
VTI - Vanguard Total Stock Market ETF
VTV - Vanguard Value ETF
VUG - Vanguard Growth ETF
VV - Vanguard Large-Cap ETF
VWO - Vanguard Emerging Markets ETF
VXF - Vanguard Extended Market ETF
XBI - SPDR® Biotech ETF
XES - SPDR® SPDR Oil & Gas Equipment & Services ETF
XHB - SPDR® Homebuilders ETF
XLB - Materials Select Sector SPDR
XLE - Energy Select Sector SPDR | QUARTERLYS SPECIFICATIONS
XLF - Financial Select Sector SPDR
XLI - Industrial Select Sector SPDR
XLK - Technology Select Sector SPDR
XLP - Consumer Staples Select Sector SPDR
XLU - Utilities Select Sector SPDR
XLV - Health Care Select Sector SPDR
XLY - Consumer Discretionary Select Sector SPDR
XME - SPDR® S&P Metals & Mining ETF
XOP - SPDR® S&P Oil & Gas Exploration & Production ETF
XRT - SPDR® SPDR S&P Retail ETF
XSD - SPDR® Semiconductor ETF
YCS - ProShares UltraShort Yen
ZSL - ProShares UltraShort Silver
Options on Exchange Traded Funds (ETFs) Product Specifications
Underlying: Generally, 100 shares of one of the exchange-traded funds or HOLDRs above.
Strike Price Intervals: Strike prices are set at a minimum of 1-point increments.
Strike (Exercise) Prices: In-, at- and out-of-the-money strike prices are initially listed. New series generally will be added when the underlying shares trade through the highest or lowest strike price available.
Expiration Date: Saturday immediately following the third Friday of the expiration month.
Expiration Months: Generally, two near-term months and two months from the March quarterly cycle (March, June, September and December). LEAPS may also be available.
Last Trading Day: Trading in Options on ETFs and HOLDRs will ordinarily cease at the close on the business day (usually a Friday) preceding the expiration date.
Exercise Style: American - Options on ETFs and HOLDRs generally may be exercised on any business day before the expiration date.
Settlement of Option Exercise: Physical Delivery. Exercise notices properly tendered on any business day will result in delivery of ETF or HOLDRs shares on the third business day following exercise.
Margin: Uncovered writers must deposit 100% of the options proceeds plus 15% of the aggregate contract value (current ETF or HOLDRs price multiplied by $100) minus the amount by which the option is out-of-the-money, if any. Minimum margin is 100% of the option proceeds plus 10% of the aggregate contract value. Long puts or calls must be paid in full.
Trading Hours: Options on ETFs and HOLDRs are open for trading whenever shares of the underlying ETF or HOLDRs are open in the primary market.
streetTRACKS is a registered trademark ® of State Street Corporation
iShares® is a registered trademark ® of Barclay Global Investors N.A.
MSCI & EAFE are both registered trademarks ® of Morgan Stanley & Co., Inc.
Nasdaq-100 is a registered trademark ® of NASD, Inc.
HOLDRs is a registered trademark ® of Merrill Lynch & Co., Inc.