Courses
Expert Options Education
Whether you’re new to index options or looking to enhance your trading strategy, maximize your index options knowledge and trading skills.
Index Options and Multi-List Options
Trade the World on Your ScheduleCboe Global Trading Hours (GTH) gives market participants access to leading options products nearly 24 hours a day, five days a week, so you can manage risk and act on opportunities during your local session, not just when U.S. markets are open.
React Fast to Market Moving EventsWith nearly 24x5 trading hours, you can trade index options whenever the newest headline breaks. Why trade outside of regular U.S. trading hours?
Here are a few reasons:
GTH opens Sunday evening (8:15 p.m. ET / 7:15 p.m. CT), which is Monday morning in Asia-Pacific.
| Region | GTH Session (Local) | RTH Session (Local) |
|---|---|---|
| New York (ET) | 8:15 PM - 9:25 AM | 9:30 AM - 4:15 PM |
| Chicago (CT) | 7:15 PM - 8:25 AM | 8:30 AM - 3:15 PM |
| London (GMT +1) | 1:15 AM - 2:25 PM | 2:30 PM - 9:15 PM |
| Hong Kong/Singapore (SGT/HKT) | 10:15 AM - 11:25 AM | 10:30 AM - 5:15 AM |
| Tokyo (JST) | 10:15 AM - 11:25 PM | 11:30 PM - 6:15 AM |
| Sydney (AEDT) | 12:15 PM - 1:25 AM | 1:30 AM - 8:15 AM |
With Global Trading Hours (GTH), traders can conveniently access the broad U.S. market during their local trading day around the clock. With nearly 24x5 trading hours, U.S. index options are globally accessible, allowing market participants to trade or hedge the broad U.S. market and global equity volatility across all time zones, day and night.
Index Options FAQCboe's flagship index options offer deep liquidity in extended-hours trading, available for nearly 24 hours a day, 5 days a week.
Standard index options contract that tracks the S&P 500®, offering efficient exposure to the large cap U.S. equity market.
Learn MoreAt 1/10th the size of SPX, XSP similarly tracks the S&P 500® at a smaller contract size.
Learn MoreCboe VIX options are based on prices of near-term S&P 500® index options, enabling market participants to hedge portfolio volatility risk distinct from market price risk and trade based on their view of future direction or movement of volatility.
Learn MoreRussell 2000® Index Options deliver broad exposure to 2,000 U.S. small-cap companies in single trade.
Learn MoreStay up to date on education, trading resources and news.
Stay informed about the latest products and market insights.
Stay current with timely market overviews and expert commentary. Access the latest updates to support your trading decisions.
Advance your options knowledge with modular courses. From foundational insights to complex strategies, gain the tools to support your pursuit of performance‑oriented trading.
Courses
Whether you’re new to index options or looking to enhance your trading strategy, maximize your index options knowledge and trading skills.
Events
Classes and events—all things options for all experiences levels.
Tools
Through our partnership with Data Vantage℠, we now offer you access to powerful tools for hands-on, real-time derivatives practice.
Cboe reported record monthly and quarterly volume across its four options exchanges, with a quarterly Average Daily Volume (ADV) of 21.9 million contracts and a monthly ADV of 23.0 million contracts. Cboe’s overall proprietary index options set a quarterly ADV record of 6.2 million contracts.
May was a record month for Cboe’s Global Derivatives business with an Average Daily Volume (ADV) of 22.0 million contracts traded. S&P 500 Index Options (SPX) had an ADV of 5.02 million contracts and maintained 74.51% market share.
Option market sentiment has shifted notably in precious metals. GLD skew, which has been persistently inverted over the past year on the back of bullish call demand, has now flipped to puts trading at a premium as traders price in higher downside risk to the outlook for gold. GLD 1M skew is now the steepest since "Liberation Day."