Magnificent 10 Index Options

Exposure to Leading Names in Growth & Tech

The Cboe Magnificent 10SM Index is a thematic, equal-weighted, index that comprises a concentrated basket of 10 growth and tech-oriented, high-demand stocks.

Why Mag 10 Index Options

Access all Magnificent 7 names plus Broadcom, Palantir, and AMD, selected for their market leadership, liquidity, and innovation. All with the added benefits of index options.

Benefits

Cash-Settled

Positions settle directly to cash at expiration without the need to deliver or receive unwanted shares.

European Exercise

Options can only be exercised at expiration, providing certainty and eliminating early assignment risk.

60/40 Tax Advantage

Benefit from potentially favorable 60/40 tax treatment (60% long-term, 40% short-term).

Understanding the Magnificent 10 Index

Magnificent 10 Index Constituents

Broadcom

AVGO

Apple

AAPL

Tesla

TSLA

Microsoft

MSFT

Meta Platforms

META

Amazon

AMZN

Alphabet

GOOGL

Nvidia

NVDA

Palantir

PLTR

AMD Microsystems

AMD

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 Comparison

ProductCo.VehicleWeightingExposureTrading HoursSettlement TypeOption StyleExpiration Types
MAG-10CboeIndex OptionsEqual10 Tech Leaders (NVDA, AAPL, AMZN, etc.)Standard market hoursCash-settledEuropean-styleAM-settled 3rd Friday, PM-settled EOM
QQQInvescoETFMarket-capNasdaq-100 (Tech-heavy)Standard market hoursDelivery of sharesAmerican-StylePM-settled monthly & weekly options
MAGSRoundhillETFEqualMagnificent Seven (AAPL, MSFT, AMZN, NVDA, META, TSLA, GOOGL)Standard market hoursDelivery of sharesAmerican-StylePM-settled monthly options
MGKVanguardETFMarket-CapMega-cap growth stocks (NVDA, MSFT, AAPL, AMZN, etc.)Standard market hoursDelivery of sharesAmerican-StylePM-settled monthly options
TSLATesla, Inc.Single Stock OptionsN/ATesla equityStandard market hoursDelivery of sharesAmerican-StylePM-settled weekly & monthly options

Additional Resources

Latest Market Insights

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Explore fresh commentary, articles, and analyses that examine market trends, volatility, and how Mag 10 Index Options may provide an edge in tech and growth exposure.

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Data Analytics and Indices

Discover the Cboe Magnificent 10 Index: Targeted Exposure to U.S. Growth and Tech-Focused Leaders

The Cboe Magnificent 10 Index is your gateway to the performance of 10 tech and growth-oriented U.S.-listed companies. This equal-weighted index is designed to capture the growth of large cap stocks shaping the future of the global economy.

The Options Institute

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Disclaimers

There are important risks associated with transacting in any of the Cboe Company products discussed here.  Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: Disclosures and Disclaimers Related to Cboe Options and Futures Products. These products are complex and are suitable only for sophisticated market participants. In certain jurisdictions, Cboe Company products are only permitted for investment professionals, certified sophisticated investors, or high net worth corporations and associations. These products involve the risk of loss, which can be substantial and, depending on the type of product, can exceed the amount of money deposited in establishing the position. Market participants should put at risk only funds that they can afford to lose without affecting their lifestyle.