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. Now with additional expirations going out at least four weeks. View available Weeklys

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).

High-Probability Trades: Strategies for Trading SPX Weeklys Options

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Comparison of S&P 500® 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.

SPX® Index Options SPX Weekly and End of Month Mini-SPX® Index Options Nanos S&P 500 Index Options SPDR® S&P 500® ETF Options
Options Chain SPX SPX XSP NANOS SPY
Root Ticker Symbol SPX SPXW XSP NANOS SPY
AM or PM Settlement AM PM PM PM PM
Settlement Date* 3rd Friday Mon., Tue., Wed., Th., Fri., 3rd Fri and Last Trading Day of Month Mon., Wed., Fri., 3rd Fri. and Last Trading Day of Month Mon., Wed., Fri. Mon., Wed., Fri., 3rd Fri. and Last Trading Day of Month
Approximate Notional Size (If S&P 500 Index is 3,900) $390,000 $390,000 $39,000 $39 $39,000
Settlement Type Cash Cash Cash Cash Physical Shares of ETF
Exercise Style European European European European American
Global Trading Hours Available** Yes Yes Coming Soon No No
Tax Treatment*** May benefit from 60% long term, 40% short-term capital gains May benefit from 60% long term, 40% short-term capital gains May benefit from 60% long term, 40% short-term capital gains May benefit from 60% long term, 40% short-term capital gains Standard

* 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, Monday Weeklys, Tuesday Weeklys, Wednesday Weeklys or Thursday 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.

*** Under section 1256 of the Tax Code, profit and loss on transactions in certain exchange-traded options, including SPX Options, are entitled to be taxed at a rate equal to 60% long-term and 40% short-term capital gain or loss, provided that the investor involved and the strategy employed satisfy the criteria of the Tax Code. Investors should consult with their tax advisors to determine how the profit and loss on any particular option strategy will be taxed. Tax laws and regulations change from time to time and may be subject to varying interpretations.