List of Cash-Settled FLEX ETF Products

Cboe may list up to 50 cash-settled FLEX ETF products. These products shall be FLEX Equity Options with an ETF underlying security having an average daily notional value of $500 million or more and a national average daily volume of at least 4,680,000 shares, measured over the prior 6-month period.

Twice per year the Exchange will determine the underlying ETFs satisfying the notional value and trading volume requirements of this rule using trading statistics for the previous six-month period.

The Exchange will permit cash settlement as a contract term on no more than 50 underlying ETFs meeting the criteria of this rule.

If more than 50 ETFs satisfy the notional value and trading volume requirements, the Exchange will select the top 50 ETFs with the highest average daily volume.

If the Exchange determines, pursuant to the review conducted, that an underlying ETF ceases to satisfy the criteria, any new position entered into overlying such ETF will be required to have exercise settlement by physical delivery and any open cash-settled FLEX ETF Option positions may be traded only to close the position.

List of FLEX ETF symbols that are eligible to have cash settlement as a flexible term.

Symbol Name
BIL SCI Emerging Markets ETF
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF
EWZiShares MSCI Brazil ETF
FXI iShares China Large-Cap ETF
GDX VanEck Gold Miners ETF
GLD SPDR Gold Shares
HYG iShares iBoxx $ High Yield Corporate Bond ETF
IEF iShares 7-10 Year Treasury Bond ETF
IEMG iShares Core MSCI Emerging Markets ETF
IWM iShares Russell 2000 ETF
IYR iShares U.S. Real Estate ETF
JNK SPDR Bloomberg High Yield Bond ETF
KRE SPDR S&P Regional Banking ETF
KWEB KraneShares CSI China Internet ETF
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF
QQQ Invesco QQQ Trust
SMH VanEck Semiconductor ETF
SOXL Direxion Daily Semiconductor Bull 3x Shares
SOXS Direxion Daily Semiconductor Bear 3x Shares
SPXL Direxion Daily S&P 500 Bull 3X Shares