Nanos: More Strikes, More Options

March 14, 2023

Why more strike prices?

Beginning March 14, 2023, Cboe Nano options will list additional strike prices to new expirations. The additional strike prices give retail traders more options and greater flexibility in trading and managing risk.

Trade small before trading big

With additional Nano strike prices, build your confidence and consider trying out advanced trading strategies in the much smaller and lower-priced Nanos, before graduating to the larger SPX or XSP options. Keeping it simple, the strike intervals for Nanos will be similar to those in XSP, but the strike range will be narrower. 

Find the right strike for you

As markets move, additional strike prices give you the flexibility to hit the right strike price for your trading strategy. So go ahead, try out those trading strategies at that smaller price.

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Options are not suitable for all investors. Before trading Nanos, you should discuss with your broker whether trading Nanos is right for you and review the Characteristics and Risks of Standardized Options (or Options Disclosure Document) regarding risks associated with trading options.

 Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (also referred to as the Options Disclosure Document or ODD). Copies of the ODD are available from your broker or from The Options Clearing Corporation, 125 S. Franklin Street, Suite 1200, Chicago, IL 60606 ([email protected]). The information in this document is provided for general education and information purposes only. No statement(s) within this document should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, comparisons, statistics, or other technical data in this document is available by contacting Cboe Global Markets at Past performance is not predictive of future returns. Cboe®, Cboe Global Markets®, Cboe Volatility Index®, FLEX®, VIX®, and XSP® are registered trademarks and NanosSM, Nanos by CboeSM, Cboe NanosSM, Nanos OptionsSM, and Options InstituteSM are service marks of Cboe Exchange, Inc. or its affiliates. S&P 500® and SPX® are registered trademarks of Standard & Poor’s Financial Services, LLC and have been licensed for use by Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. © 2023 Cboe Exchange, Inc. All rights reserved.