S&P 500® Index Options - SPX


Cboe's SPX(SM) options products provide investors with the tools to gain efficient exposure to the U.S. equity market and execute risk management, hedging, asset allocation, and income generation strategies.

Benefits of SPX Options

Trading SPX Options

Cboe offers a comprehensive suite of listed options on the S&P 500 Index, including both standard and mini contract size, A.M. and P.M.-settlement, and standard, weekly or month-end expirations. Investors can even customize the key contract specifications with FLEX® options.

Comparison of SPX Option Products

Description Underlying Options Chain

Options Root Ticker Symbol

Settlement AM or PM Settlement Date* Settlement Type Exercise-Style GTH Available
SPX Options Traditional (AM-Settled on 3rd Friday of Every Month)
SPX SPX SPX AM-settled 3rd Fridays Cash European Yes
SPX Options Non-Traditional (PM-Settled on Various Expiration Dates)
SPX Friday End-of-Weeks (EOW) SPX SPXW PM-settled Fridays Cash European Yes
SPX Wednesday Weeklys SPX SPXW PM-settled Wednesdays Cash European Yes
SPX Monday Weeklys SPX SPXW PM-settled Mondays Cash European Yes
SPX End-of-Month (EOM) SPX SPXW PM-settled Last Trading day of Month Cash European Yes
SPX PM-settled 3rd Fridays SPX SPXW PM-settled 3rd Fridays Cash European Yes
SPX Options - Mini (1/10th the Notional Size)
Mini-SPX Index Options (Weeklys Available) XSP XSP PM-settled Fridays Cash European No
SPY Options - SPDR ETF
SPDR ETF Options (3rd Fridays, Weeklys and Quarterlys) SPY SPY PM-settled Fridays or End of Quarters Physical ETF American No