Cboe Global Markets, a provider of global market infrastructure and tradable products, has expanded its S&P 500 Index (SPX) options suite with additional expirations for SPX Weeklys Tuesday and Thursday options, beginning 19 September and 28 September, respectively.
Total volume in SPX Tuesday and Thursday options have surpassed 44 million contracts since their launch in second-quarter 2022, reflecting strong customer interest and trading activity. The additional expirations for SPX Tuesday and Thursday options will align with the number of expirations currently available for SPX Monday and Wednesday options, and meet growing customer demand for Cboe’s SPX offerings.
In addition, Cboe will introduce new Tuesday and Thursday-expiring Mini-S&P 500 Index (XSP) options beginning 3 October and 12 October, respectively. With these changes, both SPX and XSP options will offer expirations every day, going out at least four weeks, enabling traders to express their views with even greater precision.
At 1/10th the size of a standard SPX options contract, XSP options provide a more manageably sized contract and greater flexibility for new index options traders or traders looking to manage their notional exposure with greater precision. Like SPX options, XSP options offer the potential opportunity to manage large-cap US equity exposure including, but not limited to, the execution of overall risk management and income generation strategies.
