Product Updates
Penny Program – Additional Classes to be Added
All Cboe-affiliated US Options Exchanges (BZX Options, Cboe Options, C2 Options, and EDGX Options) will add the following new issues to the Penny Program on the effective date listed below. Please click title for complete details.
Change to Daily Closing Time for Options on a Certain Exchange Traded Product
All Cboe-affiliated US Options Exchanges will change the daily closing time for options on a certain exchange-traded product (ETP) from 4:00 p.m. ET to 4:15 p.m. ET on the effective date listed below. This change applies to all existing options and related FLEX options for the ETP class identified below. Please click title for complete details.
Reminder - Impact of Independence Day Closure on VIX Derivatives
As a reminder, certain VIX options (symbol: VIXW) as well as one VX future (symbol: VX22/M5) will have an expiration date of Tuesday, June 3, 2025.
Changes to Available Expirations for SPX Options
Effective May 07, 2025, Cboe Options Exchange (“C1”) will begin offering the September 18, 2026, expiration for SPX. Please click title for complete details.
Update - Cboe Options to List S&P 500 Equal Weight Index Options
Cboe is pleased to announce that effective trade date April 14, 2025, Cboe Options Exchange (C1) will begin listing cash-settled options on the S&P 500 Equal Weight Index.
Reminder– Penny Interval Program Class Removals
Effective trade date April 1, 2025, as previously announced in the Penny Interval Program Annual Review and Rebalancing notice, any option class in the Penny Program that falls outside the 425 most actively traded multiply listed option classes, will be removed from the Penny Program on the first trading day of April. The 425 most actively traded multiply listed option classes are based on National Cleared Volume from June 1 through November 30 of the prior year. Please click title for complete details.
Changes to Available Expirations for MXEA and MXEF Options
Effective March 27, 2025, Cboe Options Exchange (“C1”) will begin offering the June 30, 2025, expiration for MXEA and MXEF. Please click title for complete details.
Cboe Options to List S&P 500 Equal Weight Index Options
Cboe is pleased to announce that effective trade date April 14, 2025, Cboe Options Exchange (C1) will begin listing cash-settled options on the S&P 500 Equal Weight Index.
Reminder - Impact of Good Friday Closure on VIX Derivatives
As a reminder, certain VIX options (symbol: VIX) as well as one VX future (symbol: VX/H5) will have an expiration date of Tuesday, March 18, 2025
Penny Program – Additional Class to be Added
All Cboe-affiliated US Options Exchanges (BZX Options, Cboe Options, C2 Options, and EDGX Options) will add the following new issue to the Penny Program on the effective date listed below. Please click title for complete details.
Change to Daily Closing Time for Options on a Certain Exchange Traded Product
All Cboe-affiliated US Options Exchanges will change the daily closing time for options on a certain exchange-traded product (ETP) from 4:00 p.m. ET to 4:15 p.m. ET on the effective date listed below. This change applies to all existing options and related FLEX options for the ETP class identified below. Please click title for complete details.
Changes to Available Expirations for XSP Options
Effective February 10, 2025, Cboe Options Exchange (“C1”) will begin offering the December 18, 2026, January 15, 2027, and December 17, 2027 expirations for XSP. Please click title for complete details.
Withdrawal of Approval for Options Listings on Certain Underlying Securities
Effective February 10, 2025, all Cboe-affiliated U.S. Options Exchanges will not open for trading any additional options series overlying the below underlying securities, as they no longer meet the Exchanges’ requirements for continued options listing pursuant to Cboe Rule 4.4 (which is incorporated by reference into Chapter 4 of the C2 Rules), BZX Options Rule 19.4, and EDGX Options Rule 19.4. Please click title for complete details.
Bi-Annual Review of Cash-Settled FLEX ETF Options
Effective February 3, 2025, as part of the bi-annual review provision regarding the listing of cash-settled FLEX Exchange-Traded Fund (ETF) options, any underlying ETF that has an average daily volume of $500 million or more and a national average daily volume of at least 4,680,000 shares measured from July 1 through December 31, 2024, will be available for FLEX cash-settlement. Cash-settlement as a flexible contract term will be permitted for no more than 50 underlying ETFs. Any underlying ETF that no longer meets these criteria will no longer be available for FLEX cash-settlement. Please click title for complete details.
Changes to Available Expirations for SPX Options
Effective January 21, 2025, Cboe Options Exchange (“C1”) will begin offering the December 20, 2030, expiration for SPX. Please click title for complete details.
Penny Program – Additional Class to be Added
All Cboe-affiliated US Options Exchanges (BZX Options, Cboe Options, C2 Options, and EDGX Options) will add the following new issue to the Penny Program based on the Annual Review on the effective date listed below. Please click title for complete details.
Cboe Options to List Expiring End-of-Quarter and LEAPS Options on CBTXW and MBTXW
Effective January 13, 2025, Cboe Options Exchange (C1) will begin listing CBTXW and MBTXW End-of-Quarter and LEAPS expirations according to the following schedule. Please click title for complete details.