List of Cash-Settled FLEX ETF Products
Cboe may list up to 50 cash-settled FLEX ETF products. These products shall be FLEX Equity Options with an ETF underlying security having an average daily notional value of $500 million or more and a national average daily volume of at least 4,680,000 shares, measured over the prior 6-month period.
Twice per year the Exchange will determine the underlying ETFs satisfying the notional value and trading volume requirements of this rule using trading statistics for the previous six-month period.
The Exchange will permit cash settlement as a contract term on no more than 50 underlying ETFs meeting the criteria of this rule.
If more than 50 ETFs satisfy the notional value and trading volume requirements, the Exchange will select the top 50 ETFs with the highest average daily volume.
If the Exchange determines, pursuant to the review conducted, that an underlying ETF ceases to satisfy the criteria, any new position entered into overlying such ETF will be required to have exercise settlement by physical delivery and any open cash-settled FLEX ETF Option positions may be traded only to close the position.
List of FLEX ETF symbols that are eligible to have cash settlement as a flexible term.
| Symbol | Name |
|---|---|
| AGG | iShares Core U.S. Aggregate Bond ETF |
| ARKK | ARK Innovation ETF |
| BIL | SCI Emerging Markets ETF |
| EEM | iShares MSCI Emerging Markets ETF |
| EFA | iShares MSCI EAFE ETF |
| EWZ | iShares MSCI Brazil ETF |
| FXI | iShares China Large-Cap ETF |
| GDX | VanEck Gold Miners ETF |
| GLD | SPDR Gold Shares |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF |
| IEF | iShares 7-10 Year Treasury Bond ETF |
| IEFA | iShares Core MSCI EAFE ETF |
| IEMG | iShares Core MSCI Emerging Markets ETF |
| IWM | iShares Russell 2000 ETF |
| IYR | iShares U.S. Real Estate ETF |
| JNK | SPDR Bloomberg High Yield Bond ETF |
| KRE | SPDR S&P Regional Banking ETF |
| KWEB | KraneShares CSI China Internet ETF |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF |
| QQQ | Invesco QQQ Trust |
| RSP | Invesco S&P 500 Equal Weight ETF |
| SMH | VanEck Semiconductor ETF |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares |
| SPXL | Direxion Daily S&P 500 Bull 3X Shares |
| SPY | SPDR S&P 500 ETF Trust |
| SQQQ | ProShares UltraPro Short QQQ |
| TLT | iShares 20+ Year Treasury Bond ETF |
| TNA | Direxion Daily Small Cap Bull 3X Shares |
| TQQQ | ProShares UltraPro QQQ |
| XBI | SPDR S&P Biotech ETF |
| XLE | Energy Select Sector SPDR Fund |
| XLF | Financial Select Sector SPDR Fund |
| XLI | Industrial Select Sector SPDR Fund |
| XLK | Technology Select Sector SPDR Fund |
| XLP | Consumer Staples Select Sector SPDR Fund |
| XLU | Utilities Select Sector SPDR Fund |
| XLV | Health Care Select Sector SPDR Fund |
| XLY | Consumer Discretionary Select Sector SPDR Fund |