Market Metrics That Matter: Derivatives April 2026 Volume Highlights

April Highlights

U.S. Options

April was another strong volume month for U.S. options with 20.63 million contracts traded. Cboe's proprietary index options set a single-day record on April 14 with 9.0 million contracts traded.

SPX Volumes

• S&P 500® Index Options (SPX) set a single-day record on April 17 with 6.7 million contracts traded.
• SPX® had an Average Daily Volume (ADV) of 5.04 million contracts.

XSP Volumes

• 188,000 thousand Mini S&P 500 Index Options (XSP) contracts were traded in April.

Global Trading Hours Session

• April 8 set the third highest volume day for Global Trading Hours (GTH) with 405,000 contracts traded, driven by SPX and Cboe Volatility Index options (VIX).

U.S. Multi List Options

• April 17 was the third best volume day with an ADV of 21.01 million contracts.

U.S. Futures

• Cboe® iBoxx® $ Emerging Market Bond Index Futures (IEMD) open interest increased significantly from 461 contracts to 4,400 thousand contracts, likely due to the market taking a directional position from geopolitical tensions in the Middle East.

News and Insights

• The State of the Options Industry: Q1 2026
• Cboe Global Markets Reports Trading Volume for April 2026

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