S&P 500 WeeklysSM Options

Add greater flexibility and precision to your trading strategies with S&P 500 Weeklys (SPXW) options. These Weeklys options provide more targeted exposure to optimize market opportunities and manage short-term U.S. equity market risk.

SPX Weeklys are cash-settled options with Monday, Wednesday, and Friday expirations.

Now Available

Access SPX Weeklys every trading day of the week with new Tuesday and Thursday expirations.

Benefits of Trading SPX Weeklys

Targeted Exposure
Add greater precision to target specific market events like elections and corporate earnings reports.
Pay Less Time Premium
The shorter the time to expiration, the smaller the time premium.
Trade Around-the-Clock
SPX Weeklys trade during Global Trading Hours, nearly 24 hours a day, five days a week.
Leading Liquidity
Tap into one of the most actively traded and liquid markets in the world, S&P 500 (SPX).

SPX Weekly Options Bonanza: Why Should You Trade Them?

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Comparison of SPX Option Products

Cboe offers a comprehensive suite of listed options on the S&P 500 Index, including both standard and mini contract size, A.M. and P.M.-settlement, and standard, weekly or month-end expirations. Investors can even customize the key contract specifications with FLEX® options.

Options Chain Root Ticker Settlement Settlement Date* Settlement Type Exercise Style GTH Available**
SPX Options Traditional (AM-Settled on 3rd Friday of Every Month)
SPX SPX SPX AM-settled 3rd Friday Cash European Yes
SPX Options Traditional (PM-Settled on 3rd Friday of Every Month)
SPXW SPX SPXW PM-settled 3rd Friday Cash European Yes
SPX Options Non-Traditional (PM-Settled on Various Expiration Dates)
SPX Weeklys SPX SPXW PM-settled Mondays
Tuesdays
Wednesdays
Thursdays
Fridays
Cash European Yes
SPX End-of-Month (EOM) SPX SPXW PM-settled Last Trading Day of Month Cash European Yes
SPX Options - Mini (1/10th the Notional Size)
Mini-SPX Index Options (Weeklys Available) XSP XSP PM-settled Fridays Cash European No
SPY Options - SPDR ETF
SPDR ETF Options (3rd Fridays, Weeklys, and Quarterlys) SPY SPY PM-settled Fridays or End of Quarters Physical ETF American No

* In the case of a holiday on the settlement date, the settlement date is moved back one business day (e.g. from Friday to Thursday), with the exception of Monday Weeklys, where the settlement date will move forward one business day (i.e. Monday to Tuesday). In addition, no SPX EOW, Wednesday Weeklys, or Monday Weeklys will be listed that would have an expiration date that coincides with the expiration date of a traditional SPX option or SPX EOM option.

** Global Trading Hours (GTH) The trading hours for options on the SPX, SPXW (SPX Weeklys and SPX End-of-Month), and SPXPM begin at 8:15 p.m. Eastern time and end at 9:15 a.m Eastern time. Please visit the Global Trading Hours page for more details.