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 |
|---|---|
| AGG | iShares Core U.S. Aggregate Bond ETF |
| ARKK | ARK Innovation ETF |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF |
| BND | Vanguard Total Bond Market |
| EEM | iShares MSCI Emerging Markets ETF |
| EFA | iShares MSCI EAFE ETF |
| EMB | iShares JPMorgan USD Emerging Markets Bond ETF |
| EWZ | iShares 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 |
| IBIT | iShares Bitcoin Trust ETF |
| IEF | iShares 7-10 Year Treasury Bond ETF |
| IEFA | iShares Core MSCI EAFE ETF |
| IEMG | iShares Core MSCI Emerging Markets ETF |
| IJH | iShares Core S&P Mid-Cap ETF |
| IVV | iShares Core S&P 500 ETF |
| IWM | iShares Russell 2000 ETF |
| KRE | SPDR S&P Regional Banking ETF |
| KWEB | KraneShares CSI China Internet ETF |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF |
| MUB | iShares National Muni Bond ETF |
| NVDL | GraniteShares 2x Long NVDA Daily ETF |
| QQQ | Invesco QQQ Trust |
| RSP | Invesco S&P 500 Equal Weight ETF |
| SGOV | iShares 0-3 Month Treasury Bond ETF |
| SLV | iShares Silver Trust |
| SMH | VanEck Semiconductor ETF |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares |
| SOXS | Direxion Daily Semiconductor Bear 3x Shares |
| SPLG | SPDR Portfolio S&P 500 ETF |
| SPY | SPDR S&P 500 ETF Trust |
| SQQQ | ProShares UltraPro Short QQQ |
| TLT | iShares 20+ Year Treasury Bond ETF |
| TQQQ | ProShares UltraPro QQQ |
| TSLL | Direxion Daily TSLA Bull 2X Shares |
| TSLQ | Investment Managers Series Trust II Tradr 2X Short TSLA Daily ETF |
| USHY | iShares Broad USD High Yield Corporate Bond ETF |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF |
| VEA | Vanguard FTSE Developed Markets ETF |
| VOO | Vanguard S&P 500 ETF |
| XBI | SPDR S&P Biotech ETF |
| XLB | Materials Select Sector SPDR Fund |
| XLE | Energy Select Sector SPDR Fund |
| XLF | Financial Select Sector SPDR Fund |
| XLI | Industrial Select Sector SPDR Fund |
| XLP | Consumer Staples Select Sector SPDR Fund |
| XLU | Utilities Select Sector SPDR Fund |
| XLV | Health Care Select Sector SPDR Fund |