Cboe U.S. Options Fee Schedules

Effective May 6, 2025

Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Please contact the Trade Desk or your Business Development contact for support or with any questions.

Fee Codes and Associated Fees:

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Fee Code	Description	Fee/(Rebate)
B1	Customer, CBTX	0.50
B2	Non-Customer, CBTX	1.00
BA	Broker-Dealer, Away Market-Maker, Manual	0.25
BB	Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Penny	0.47
BC	Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-Penny	0.75
BD	Non-Customer, Non-Market-Maker, Non-Firm, AIM Agency	0.20
BE	Non-Customer, Non-Market-Maker, Non-Firm, Sector Indexes	0.40
BG	Non-Customer, Non-Market-Maker, Non-Firm, MXACW, MXUSA, MXWLD	0.20
BK	Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT Family	0.65
BM	Non-Customer, Non-MarketMaker, Non-Firm, MRUT	0.04
BR	Non-Customer, Non-Market-Maker, Non-Firm, OEX, XEO and VIX	0.40
BS	Non-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT Family	0.25
BT	Non-Customer, Non-Market-Maker, Non-Firm, SPX, SPESG	0.42
CA	Customer, Removes liquidity, >=100 contracts, ETF	0.18
CB	Customer, Index	0.18
CC	Customer, XSP, >=10 contracts	0.07
CD	Customer, Removes liquidity, <100 contracts, ETF	Free
CE	Customer, Adds liquidity, ETF	Free
CG	Customer, MXACW, MXUSA, MXWLD	0.05
CI	Customer, ProCustomer, Combo portion of an index combo order execution, VIX	Free
CK	Customer, Equity, ETF	Free
CM	Customer, MXEA	0.25
CN	Customer, MXEF	0.25
CO	Customer, OEX, XEO	0.35
CP	Customer, Sector Indexes	0.30
CQ	Customer, MRUT	0.02
CR	Customer, RUT family	0.18
CS	Customer, Premium <$1.00, SPX, SPESG	0.36
CT	Customer, Premium >=$1.00, SPX, SPESG	0.45
CV	Customer, Premium $0.00-$0.10, VIX, Simple	0.10
CW	Customer, Premium $0.11-$0.99, VIX, Simple	0.25
CX	Customer, Premium $1.00-$1.99, VIX, Simple	0.40
CY	Customer, Premium >=$2.00, VIX, Simple	0.45
CZ	Customer, Premium $0.00-$0.10, VIX, Complex	0.05
DA	Customer, Premium $0.11-$0.99, VIX, Complex	0.17
DB	Customer, Premium $1.00-$1.99, VIX, Complex	0.30
DC	Customer, Premium >=$2.00, VIX, Complex	0.45
E1	SPEQX, Customer	0.05
E2	SPEQX, Non-Customer	0.25
EF	Equity Leg - FOG	Free
EL	Equity Leg - Libucki	Free
EP	Equity Leg - Penserra	Free
EQ	Equity Leg - Cowen (capped at $50/execution)	0.001
ES	Equity Leg - SRT	Free
FA	Firm, Manual	0.20
FB	Firm, Electronic, Penny	0.43
FC	Firm, Electronic, Non-Penny	0.70
FD	Firm, AIM Agency	0.20
FF	Firm Facilitation	Free
FG	Firm, MXACW, MXUSA, MXWLD	0.15
FH	Firm, Underlying Symbol List A	0.26
FI	Firm, Sector Indexes	Free
FK	Firm, VIX	0.25
FM	Firm, MRUT	0.02
FS	Non-Customer, Manual, Merger, Short Stock Interest, Reversal, Conversion and Jelly Roll Strategies, Equity, ETF	Free
GA	Customer, Market-Maker, Firm, RUT, Flex Micro	0.009
GB	Non-Customer, Non-Market-Maker, Non-Firm, Manual, AIM, RUT, Flex Micro	0.009
GC	Non-Customer, Non-Market-Maker, Non-Firm, Electronic, Non-AIM, RUT, Flex Micro	0.012
GD	Non-Customer, Non-Market-Maker, Non-Firm, SPX, Flex Micro	0.009
GE	Customer, Firm, SPX, Flex Micro	0.008
GF	Market-Maker, SPX, Flex Micro	0.006
GG	Customer, MXEA, MXEF, DJX, Flex Micro	0.004
GH	Market-Maker, MXEA, MXEF, DJX, Flex Micro	0.005
GI	Non-Customer, Non-Market-Maker, MXEA, MXEF, Electronic, Flex Micro	0.01
GJ	Non-Customer, Non-Market-Maker, DJX, Electronic, Flex Micro	0.007
GK	Non-Customer, Non-Market-Maker, MXEA, MXEF, DJX, Manual, AIM Agency, Flex Micro	0.005
GL	Non-Customer, MXEA, MXEF, DJX, AIM Contra, Flex Micro	0.003
GM	Non-Customer, DJX, AIM Response, Flex Micro	0.007
GN	Non-Customer, MXEA, MXEF, AIM Response, Flex Micro	0.013
M1	Customer, MBTX	0.25
M2	Non-Customer, MBTX	0.50
MA	Market-Maker, Electronic	0.23
MB	Market-Maker, Manual	0.45
MC	Market Maker, Electronic, Contra Customer, XSP	0.15
MD	Market-Maker, AIM Responder	0.25
MG	Market-Maker, MXACW, MXUSA, MXWLD	0.10
MI	Market-Maker, VIX, Contra Order Quantity >=5000 Contracts, >=3 Legs, Manual	0.05
MM	Market-Maker, MRUT	0.03
MP	Market Maker, Manual, XSP	0.15
MR	Market-Maker, OEX, XEO	0.20
MS	Market-Maker, SPX, SPESG	0.28
MT	Market-Maker, RUT only	0.30
MV	Market-Maker, Premium $0.00-$0.10, VIX	0.05
MW	Marker-Maker, Premium >=$0.11, VIX	0.23
MX	Market Maker, Electronic, Contra Non-Customer and Adding Liquidity, XSP	0.09
MY	Market Maker, Electronic, Contra Non-Customer and Removing Liquidity, XSP	0.50
NB	Non-Customer, Non-Market-Maker, AIM Response, Penny	0.50
NC	Non-Customer, Non-Market-Maker, AIM Response, Non-Penny	1.05
NM	Market-Maker, NANOS	0.01
NN	Non-Customer, Non-Market-Maker, NANOS	0.01
NO	Customer, NANOS	Free
QC	Customer, Professional, QCC	Free
QN	Non-Customer, Non-Professional, QCC	0.18
RD	Customer, Routed to AMEX, BOX, EDGX, MIAX, SPHR, PHLX, ETF, Equity (excl SPY to PHLX)	0.25
RF	Customer, Routed to ARCA, BX, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, ETF, Equity, Penny (incl SPY to PHLX)	0.75
RI	Customer, Routed to ARCA, BX, BZX, C2, ISE, GMNI, MERC, EMLD, PERL, NOM, MEMX, ETF, Equity, Non-Penny	1.25
RJ	Non-Customer, Routed, Penny	1.17
RK	Non-Customer, Routed, Non-Penny	1.45
RR	Non-Customer, Routed, RUT	1.25
RS	Customer, Routed, Index	0.48
RV	Reversal Trade	Free
SC	Compression Trade	Free
ST	Compression Service Trade	Free
TD	Customer, Routed, >=100 contracts, ETF, Originating on Exchange-sponsored terminal	0.18
TE	Customer, Routed, < 100 contracts ETF, Equity, Originating on Exchange-sponsored terminal	Free
TS	Customer, Routed, Index, Originating on Exchange-sponsored terminal	0.18
WA	Professional Customer, Manual	0.12
WR	RLG, RLV, RUI, UKXM	Free
XB	Non-Customer, Non-Market-Maker, Electronic, Contra Non-Customer and Removing Liquidity, XSP	0.50
XC	Customer, XSP, <10 contracts	(0.30)
XF	Non-Customer, Non-Market-Maker, Electronic, Contra Customer or Contra Non-Customer and Adding Liquidity, XSP	0.30
XN	Non-Customer, Non-Market-Maker, Manual, XSP	0.30
YB	AIM Contra, Index	0.07
YC	Non-Market Maker, AIM Contra, Flex Auction Responder, Equity, ETF	0.07