ACHIEVE BROAD
MARKET PROTECTION

With SPX & SPX WeeklysSM

Achieve efficient broad market protection in one trade with SPX options' large notional value and unmatched liquidity - which can help minimize draw downs and increase risk adjusted returns. All while benefitting from cash settlement, potential tax advantages and extended trading hours.

DOWNLOAD THE FACT SHEET

SPX WEEKLYS

SPX Weeklys are options that are listed to provide expirations every week and now offer three different expirations per week, providing opportunities for investors to implement more targeted buying, selling or spreading strategies.

WATCH NOW TO LEARN MORE ABOUT TRADING SPX

Learn how SPX options offer powerful methods of hedging downside risk and generating income.
TOOLS FOR TRADING
Now that you're familiar with SPX options, see how you can add them to your portfolio with CBOE’s trading tools.
VIRTUAL TRADE
Practice trading SPX with this free tool - and experiment with new advanced strategies without risk to your portfolio.
QUOTES DASHBOARD
See the most recent market quotes for SPX. And monitor the market from one easy-to-use page with features including a market scanner, most active stocks, options and futures, news and more.
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SPX ON SOCIAL

Want to know the latest happening in the broad market and SPX options?

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*Under section 1256 of the Tax Code, profit and loss on transactions in certain exchange-traded options, including SPX, are entitled to be taxed at a rate equal to 60% long-term and 40% short-term capital gain or loss, provided that the investor involved and the strategy employed satisfy the criteria of the Tax Code. Investors should consult with their tax advisors to determine how the profit and loss on any particular option strategy will be taxed. Tax laws and regulations change from time to time and may be subject to varying interpretations.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies are available from your broker or from The Options Clearing Corporation at www.theocc.com. The information on this website is provided solely for general education and information purposes. No statement within this website should be construed as a recommendation to buy or sell a security or to provide investment advice. Supporting documentation for any claims, comparisons or other technical data, will be supplied upon request.

CBOE®, Chicago Board Options Exchange® and Execute Success® are registered trademarks of Chicago Board Options Exchange, Incorporated (CBOE). S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE. Financial products based on S&P indices are not sponsored, endorsed, sold or promoted by Standard & Poor's, and Standard & Poor's makes no representation regarding the advisability of investing in such products. All other trademarks and service marks are the property of their respective owners. Copyright © 2017 CBOE. All rights reserved.

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ACHIEVE
BROAD

MARKET
PROTECTION
VIRTUAL TRADE
Practice trading SPX with this free tool - and experiment with new advanced strategies without risk to your portfolio.
QUOTES DASHBOARD
See the most recent market quotes for SPX. And monitor the market from one easy-to-use page with features including a market scanner, most active stocks, options and futures, news and more.
VIEW QUOTES

WATCH NOW TO LEARN MORE ABOUT TRADING SPX

Learn how SPX options offer powerful methods of hedging downside risk and generating income.
KEY FEATURES

SPX options' unmatched liquidity give you the opportunity to gain exposure to the broad market and manage portfolio risk to achieve powerful outcomes.

EFFICIENT EXPOSURE
HEDGE RISK
POTENTIALLY FAVORABLE TAX TREATMENT
CASH SETTLEMENT & EUROPEAN-STYLE EXERCISE
VIEW PRODUCT DETAILS
Gain exposure to the broad market with a notional value 10X larger than SPY options for potentially lower transaction costs.
Gain a convenient and efficient way to help reduce the risk of a market portfolio or increase risk-adjusted returns.
Many SPX options trades qualify for 60-40 tax treatment, as they are defined as Section 1256 contracts.*
Avoid unwanted delivery of stocks or ETFs, and the risk of assignment prior to expiration (so-called "early assignment").
LEARN MORE

EDUCATIONAL RESOURCES

Download these educational resources to enhance your knowledge of how to utilize SPX and SPX Weeklys as part of your trading strategies.

Weekly Options

by Pravit Chintawongvanich, Head of Risk Strategy, Macro Risk Advisors

DOWNLOAD PRESENTATION

LEARN ABOUT:

  • Event pricing – macro and regular economic events
  • Profitability of selling options with different times to expiry
  • Selling weekly straddle vs. buy and hold
  • Weekly straddle performance stats

SPX Weeklys:
Market Analysis & LongShort Applications

by Scott Maidel, CFA, FRM – Senior Portfolio Manager & Trader, Global Derivatives

DOWNLOAD PRESENTATION

LEARN ABOUT:

  • Why use SPX Weeklys
  • Facts – milestones, CT Specs, OI, Volume 
  • Implied volatility
  • And more