S&P 100 Index Options
S&P 100 options bring an added dimension to stock market investing by giving you the ability to trade and invest on an entirely different level. Instead of requiring you to focus on specific stocks, S&P 100 options allow you to trade a large segment of the domestic stock market with a single transaction.
The Standard & Poor's 100 Index is a capitalization-weighted index based on 100 highly capitalized stocks from a broad range of industries. More than one billion S&P 100 options contracts have been traded since the Cboe launched the trading of options on the OEX, the first cash-settled securities product, on March 11, 1983. On November 24, 1997, the index had a 2-for-1 split.
To provide investors with added flexibility in managing large-cap U.S. equity exposure, a number of S&P 100 options are now offered:
- S&P 100 Index Options with American-style exercise (OEX)
- S&P 100 Index Options with European-style exercise (XEO)
- Quarterly European-style S&P 100 Index Options (XEO)