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S&P 500 Suite
At the heart of the Cboe S&P 500 Suite lies a deep pool of liquidity linked to the pulse of the S&P 500. With S&P 500 (SPX) index options at the cornerstone, the most liquid equity index options market underpins a robust pricing network for the other instruments within the suite.
Explore our growing suite of proprietary products to access different risk exposures, tenors and contract sizes. Whether it’s precision, efficiency, or versatility, Cboe has what you're looking for.
OPTIONS
OPTIONS
OPTIONS
FUTURES
FUTURES
Get the Edge you've been looking for.
Enjoy the convenience and efficiency of executing Cboe options and futures with one clearing house and one executing broker.
Guide your trading decisions with real-time market indicators, premier education and expert analysis.
Seize opportunities whenever they strike. Trade the suite of Cboe S&P 500 tools nearly 24 hours, 5 days a week, in every time zone — U.S., Europe and Asia.
S&P 500 Level
as of:
Number of Options Contracts
Enter number of SPX contracts
The Mini-SPX Index is based on 1/10th the value of the Standard and Poor's 500 Index. Calculation reflects a relationship of 1 SPX = 10 XSP.
The Mini-SPX Index is based on 1/10th the value of the Standard and Poor's 500 Index. Calculation reflects a relationship of 1 SPX = 10 XSP.
S&P 500 (SPX) Index Options
Mini-SPX (XSP) Index Options
SPX
1
XSP
10
SPX
$100
XSP
$100
SPX = Index level x $100; XSP = Index level x $100 x 1/10
SPX
$-
XSP
$-
Rounded to the closest at-the-money (ATM) price
SPX
$-
XSP
$-
based on current S&P 500 index level for today's option expiration
SPX
$-
XSP
$-
based on current S&P 500 index level for today's option expiration
SPX
$-
XSP
$-
The SPX and XSP Comparison Calculator is an educational tool intended to assist individuals in understanding the differences between the two option contracts and the values will change based upon user inputs. It is not intended to provide investment advice, and users of the SPX and XSP Comparison Calculator should not make investment decisions based upon values generated by it. Your use of the SPX and XSP Comparison Calculator is subject to the Terms and Conditions of Cboe's Websites.
The SPX and XSP Comparison Calculator is an educational tool intended to assist individuals in understanding the differences between the two option contracts and the values will change based upon user inputs. It is not intended to provide investment advice, and users of the SPX and XSP Comparison Calculator should not make investment decisions based upon values generated by it. Your use of the SPX and XSP Comparison Calculator is subject to the Terms and Conditions of Cboe's Websites.
Cboe has extended global trading hours (GTH) for S&P 500® Index (SPX) options, Cboe Volatility Index® (the VIX® Index) options and Mini-SPX Index (XSPSM) options to nearly 24 hours a day, five days a week. Trade or hedge broad U.S. market and global equity volatility conveniently across all time zones, day and night.
| Regular Trading Hours | Global Trading Hours | |
|---|---|---|
Chicago | 8:30 AM - 3:15 PM | 7:15 PM - 8:25 AM |
London* | 2:30 PM - 9:15 PM | 1:15 AM - 2:25 PM |
Hong Kong* | 10:30 PM - 5:15 AM | 9:15 AM - 10:25 PM |
Sydney* | 1:30 AM - 8:15 AM | 12:15 AM - 1:25 PM |
*Trading hours are determined by the time in Chicago. Note that Daylight Saving Time (DST) procedures vary by time zone and will affect the times shown here. For non-U.S. cities shown in this table, the trading hours may shift by one hour as the U.S. changes between Standard Time and Daylight Saving Time.
Enhance your strategies with in-depth trading guides, product briefs, and real-world examples for effective SPX implementation.
Access real-time market trends and macro updates that shape S&P 500 performance. Gain timely perspectives to support your trading decisions.
Listed options serve multiple purposes in today’s financial markets, from basic hedging and income overlays to quantitative investing strategies and even as the foundation for an entire ecosystem of structured products and defined-outcome exchange traded funds (ETFs). Another crucial benefit comes from the insight the options markets provide into forward-looking expectations and sentiment, aiding decision-making for traders and non-traders alike.
There are important risks associated with transacting in any of the Cboe Company products or any digital assets discussed here. Before engaging in any transactions in those products or digital assets, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/global-disclaimers. These products and digital assets are complex and are suitable only for sophisticated market participants. 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. © 2024 Cboe Exchange, Inc. All Rights Reserved.