All of the options listed on the indexes below are cash settled. They are all European-style options except OEX (which is American-style). If an expiration day or last trade day falls on an exchange holiday, the expiration day or last trade day will be the prior business day.
Are you receiving an error when trying to close out of your monthly index option? To learn more, please click here.
To learn about how cash-settled index options are assigned or exercised then click here.
|symbol||root||set||monthly/weekly||expiration day||AM / PM||last trade day||more info|
|VIX||VIX||VRO||both||wednesday 1||AM||tuesday 2||CBOE spec|
|RVX||RVX||-||monthly||wednesday1||AM||tuesday 2||CBOE spec|
1 If Wednesday or the Friday that is 30 days following that Wednesday is an Exchange holiday, the Expiration Date will be on the business day immediately preceding that Wednesday.
2 The last trading day for VIX options is the business day prior to the Expiration Date of each contract expiration. When the Last Trading Day is moved because of a CBOE holiday, the Last Trading Day for an expiring VIX option contract will be the day immediately preceding the last regularly scheduled trading day.
*Day of expiration options for NDX (weeklys), RUT (weeklys), SPX (weeklys), OEX and XEO stop trading at 3:00 pm.
To view a list of options that trade until 3:15 pm Central (or 15 minutes after the close) then please click here.
End of Month Index Expirations (EOM)
SPX offers options with end of month (EOM) expiration.
- SPX EOM options feature expiration dates that fall on the last business day of the month, as opposed to the standard third Friday of the month expirations.
- SPX EOM options are PM-settled.
- Trading in expiring SPX EOMs closes at 3:00pm (CT) on their expiration date.
- SPX EOM Spec (CBOE.com)
Quarterly Index Expirations (QIXs)
RUT, XEO, and XSP offer options with Quarterly Index Expirations (QIXs).
The quarterly options expire on the last business day of the calendar quarter.
- CBOE may list up to eight (8) near-term QIXs on certain specified broad-based indexes.
- QIXs are PM-settled.
- Trading in expiring QIXs closes at 3:00pm (CT) on their expiration date.
- Quarterlys - CBOE Options with End of Quarter Expiration (CBOE.com)
OEX vs. XEO
What is the difference between OEX options and XEO options?
OEX & XEO options are based on the same underlying (the S&P 100). The difference between the two is that OEX is American-style whereas XEO is European-style. Additionally, XEO offers quarterly expirations, but OEX does not.