Cboe MAG-10 Options

Pre-launch Resource Hub

What are Cboe Magnificent 10 Options?

The Cboe Magnificent 10 Index, is a thematic, equal-weighted, broad-based index that comprises a concentrated basket of 10 growth-oriented, high-demand stocks: Broadcom (AVGO), Apple (AAPL), Tesla (TSLA), Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), Alphabet (GOOGL), Nvidia (NVDA), Palantir (PLTR) and AMD Microsystems (AMD). Derivatives on the index provide exposure similar to sector or thematic ETFs (like QQQ, NDX, or SSO). This includes all Magnificent 7 names plus Broadcom, Palantir, and AMD, selected for their market leadership, liquidity, and innovation. Both options and futures will be offered for trading in the fourth quarter of 2025.

Options on the Cboe Magnificent 10 Index will be OCC-cleared, European-style and cash-settled. They will trade both GTH and RTH. AM-Settled 3rd-Friday expiring options and PM-Settled End of Month options will be listed.

Index Differentiators:

Precision Exposure: the Magnificent 10 Index enables investors to express tactical views on the most dynamic segment of the U.S. equity landscape (AI, cloud, and digital transformation) without the concentration risk of single-stock trading.
Equal Weighting: Monthly rebalances ensure no single stock dominates, offering a more balanced alternative to market-cap-weighted indices like QQQ and MGK.
Fixed Constituents: The same 10 stocks remain unchanged, ensuring stability, transparency, and predictability for traders. Constituent changes occur only when triggered by a corporate action.

Product	Co.	Vehicle	Weighting	Exposure	Trading Hours	Settlement Type	Option Style	Expiration Types
MAG-10	Cboe	Index Options	Equal	10 Tech Leaders (NVDA, AAPL, AMZN, etc.)	24x5	Cash-settled	European-style	AM-settled 3rd Friday PM-settled EOM
QQQ	Invesco	ETF	Market-cap	Nasdaq-100 (Tech-heavy)	Regular market hours	Delivery of shares	American-Style	PM-settled monthly & weekly options
MAGS	Roundhill	ETF	Equal	Magnificent Seven (AAPL, MSFT, AMZN, NVDA, META, TSLA, GOOGL)	Regular market hours	Delivery of shares	American-Style	PM-settled monthly options
MGK	Vanguard	ETF	Market-Cap	Mega-cap growth stocks (NVDA, MSFT, AAPL, AMZN, etc.)	Regular market hours	Delivery of shares	American-Style	PM-settled monthly options
TSLA	Tesla, Inc.	Single Stock Options	N/A	Tesla equity	Regular market hours	Delivery of shares	American-Style	PM-settled weekly & monthly options

Index Options Benefits:

Cash Settlement: Eliminates delivery risk and operational complexity
European-Style Options: No early assignment risk, which is particularly attractive for spread and hedge strategies.
Multiple Expirations: AM-settled 3rd Friday and PM-settled end-of-month options, plus plans for daily expirations (0DTE) to meet demand for short-term tactical trading.
Global Access: Nearly 24x5 trading hours support international investors and mobile-first platforms.

Resources

Find a Broker

Contact Us

Global Sales	CFE Market Data	CFE Trade Desk
Natalie Reed [email protected]	Market Data Services [email protected] 212-378-8821	CFE Trade Desk [email protected] 312-786-8700

Disclaimers:

This information is a high-level overview of what is currently contemplated. The information included is subject to change and to more detailed provisions that would be put in place in connection with the planned launch of Cboe Magnificent 10 Index options.

This information is provided for general education and information purposes only. No statement provided should be construed as a recommendation to buy or sell a security, future, option on a future, security future, digital asset, financial instrument, investment fund, or other investment product (collectively, a “financial product”), or to provide investment advice.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (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. Certain risks associated with options, futures, and options on futures and certain disclosures relating to information provided regarding these products are also highlighted at https://www.cboe.com/us_disclaimers.

Hypothetical scenarios are provided for illustrative purposes only. The actual performance of financial products can differ significantly from the performance of a hypothetical scenario due to execution timing, market disruptions, lack of liquidity, brokerage expenses, transaction costs, tax consequences, and other considerations that may not be applicable to the hypothetical scenario.