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CBOE Mini Options     www.cboe.com/Mini

 
AAPL
MINI   GLD7  
AAPL 524.75 -6.95
GOOG 526.94 -7.87
GLD 123.76 -0.02
XSP 187.54 -0.42
VIX 13.27 0.08
Delayed Quotes


CBOE Mini Options

New CBOE Mini options with physical settlement began trading on March 18, 2013. The new Mini options represent a deliverable of 10 shares of an underlying security, whereas standard equity options represent a deliverable of 100 shares. The options symbol for the new Mini options will be the underlying security symbol followed by the number 7 (see examples in the table below).

In addition, please note that the cash-settled Mini-SPX options (ticker XSP (1/10th the size of SPX, with a multiplier of 100)) have been listed since 2006 www.cboe.com/XSP.

The Mini options are designed to provide added investment flexibility. For example, for an investor who holds 10 to 90 shares of AAPL or GOOG stock, the new mini options could provide that investor with tools that have the potential to be more efficient and tailored for strategies such as covered call writing or hedging.


Security Mini Options Symbol* Underlying Security Symbol Mini Options Multiplier Notional value covered by Mini
option (if option were offered on February 8, 2013, approximate)
Mini options with physical settlement; launched in March 2013 -
Amazon.com Inc. AMZN7 AMZN 10 $2,620 (10 x $262)
Apple, Inc. AAPL7 AAPL 10 $4,750 (10 x $475)
Google Inc. GOOG7 GOOG 10 $7,850 (10 x $785)
SPDR Gold Trust GLD7 GLD 10 $1,620 (10 x $162)
SPDR S&P 500 SPY7 SPY 10 $1,520 (10 x $152)
Mini options with cash settlement; launched in 2005 -
Mini-SPX Index (1/10 the size of SPX) XSP XSP 100 $15,200 (100 x $152)

*The options symbol for the new Mini options usually is the underlying security symbol followed by the number 7 (see examples in the table above). However, if there is a corporate action, the symbol could be further modified and appended with an 8 such as "XYZ8." Investors can access the options chain for standard and Mini-sized options at the CBOE Delayed Quotes web page.



Mini Options Videos

Post-Minis launch video on Strategy of the Week hosted by Peter Lusk on 03/25/2013

        

Pre-Minis launch video on Ask The Institute hosted by Michelle Kaufman on 02/22/2013




Key Links

CBOE And C2 Plan To Launch Mini-Options On March 18 For AAPL, AMZN, GOOG, GLD And SPY
Product Specifications
Options Strategies
Options Strategies - Covered Calls
Options Strategies - Protective Puts
Options Strategies - Equity Collars
Index and ETF Price Charts
CBOE Volatility Index® (VIX®)
Volatility Indexes
Benchmark Indexes
SR-CBOE-2013-016: Proposal to Establishing Minimum Price Variation for Mini-Options

CBOE Circulars
RG13-036: Mini Options (on SPY, AAPL, GLD, GOOG and AMZN) Information and FAQ
RG13-037 Operational Details for Mini-Options Trading on CBOE (March 05, 2013)
RG13-046 Operational Details for Mini-Options Trading on CBOE (March 15, 2013)
RG13-048 Margin Requirements for Mini Options (March 15, 2013)



Updated Price Charts

GLD - One-year Chart www.cboe.com/GLD




GLD - Five-year Chart www.cboe.com/GLD




Mini-SPX (XSP) - One-week Chart www.cboe.com/XSP




Mini-SPX (XSP) - One-year Chart www.cboe.com/XSP





Equity Volatility Indexes
VXAZN CBOE Equity VIX® on Amazon www.cboe.com/VXAZN
VXAZN 43.24 -0.40
VXAPL CBOE Equity VIX® on Apple www.cboe.com/VXAPL
VXAPL 25.89 1.72
VXGS CBOE Equity VIX® on Goldman Sachs www.cboe.com/VXGS
VXGS 19.19 -0.13
VXGOG CBOE Equity VIX® on Google www.cboe.com/VXGOG
VXGOG 23.18 0.07
VXIBM CBOE Equity VIX® on IBM www.cboe.com/VXIBM
VXIBM 16.28 0.09



Updated Price Charts

CBOE Equity VIX® on Apple (VXAPL) One-week Chart www.cboe.com/VXAPL




CBOE Equity VIX® on Apple (VXAPL) One-year Chart www.cboe.com/VXAPL






Links for More Up-to-date Price Information

Price Quotes Page
Advanced Charts



Spreadsheets with Historical Price Data

Historical Daily Prices - Spreadsheet with Closing Prices for Several Indexes
Historical Month-end Prices - Spreadsheet with Closing Prices for Several Indexes
In addition, Market Data Express gives users access to more than 16 years of historical options data


Options Profit-and-Loss Diagrams


* In the Protective Put and Buy-write diagrams, the faint grey line represents an equity position, and the colored "hockey-stick-shaped" line represents the combined stock plus options position. For more details, please click on strategies.





CBOE Volatility Index (VIX)