Options on Russell index products can serve as powerful and flexible risk management tools.
The CBOE offers options on 24 products based on Russell indexes; please click on these links for more information:
Index Options Contract Specifications
Russell 2000 Index Options Microwebsite
CBOE options on the iShares Russell 2000 Index Fund (IWM) had an average daily volume of 287,298 contracts in 2008 and average open interest of more than 6 million contracts throughout the year.
For more information on how to use these risk management products, please click on the links below, and visit www.cboe.com/index and /LearnCenter/.
Cash-settled Index Options
Index Name - (Click on Index Name to See the Contract Specifications)
RUT - Russell 2000® Index
RVX - CBOE Russell 2000® Volatility Indexsm Options Index
RMN - Mini-Russell 2000® Index Options
Options on Exchange-Traded Funds
IWB - iShares Russell 1000® Index Fund
IWD - iShares Russell 1000® Value Index Fund
IWF - iShares Russell 1000® Growth Index Fund
IWM - iShares Russell 2000® Index Fund
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 Fund
IWZ - iShares Russell 3000® Growth Index Fund
About Russell Indexes
According to the Russell website "In 1984, Russell created a family of stock indexes as part of a more accurate and comprehensive system for evaluating the performance of investment managers. Russell maintains 21 U.S. stock indexes more than US$214 billion is invested in funds modeling Russell's U.S. indexes, and more than US$1.8 trillion in funds is benchmarked against the global family of Russell indexes."
Links to More Up-to-date Price Information
Delayed Price Quotes
Advanced Charts
Bell Ringing for RVX Futures
Kelly Haughton of Russell Indexes rings CBOE's opening bell for the opening day of trading in options on the CBOE Russell 2000 Volatility Index (RVX) on September 27, 2007 - From left to right: Ben Londergan, Group One; Sara Wilson, Russell Indexes; Kelly Haughton, Russell Indexes; Bill Brodsky, CBOE; Dick DuFour, CBOE.