Benefits Of XSP Index Options
At 1/10th the size of standard SPX® options contract, XSP® provides greater flexibility for new index options traders or traders managing an individual portfolio. XSP options offer the potential opportunity to manage large-cap U.S. equity exposure and execute risk management, hedging, and income generation strategies.
Getting Started
Gain broad market exposure and execute trading strategies with less capital.
Explore XSP Options
XSP Use Cases
The benefits of index options let you trade right up to market close on expiration day.
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What's the Difference?
Index Options vs. ETF Options
Resource Toolkit
Get Started with XSP
SPX & XSP Comparison Tool
SPX too big?
XSP: Same index options, smaller alternative.
Compare SXP and XSP and see which one is right for you.
Fact Sheet
Comprehensive Guide to the benefits of XSP.
Contract Specifications
Details and terms of an XSP options contract.
Video
Navigate fast moving and volatile markets with XSP.
Article Insights
Explore featured insights and our latest thinking on XSP
Access Complimentary XSP Data
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* Under section 1256 of the Tax Code, profit and loss on transactions in certain exchange-traded options, including SPX Options, 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.
** Global Trading Hours (GTH) The trading hours for options on the SPX, SPXW (SPX Weeklys and SPX End-of-Month), and XSP (Mini-SPX) begin at 8:15 p.m. Eastern time and end at 9:15 a.m. Eastern time. Please visit the Global Trading Hours page for more details.
There are important risks associated with transacting in any of the Cboe Company products or any of the digital assets discussed here. Before engaging in any transactions in those products or digital assets, it is important for market participants to carefully review the disclosures and disclaimers contained at: www.cboe.com/us_disclaimers/.
These products and digital assets are complex and are suitable only for sophisticated market participants. These products involve the risk of loss, which can be substantial and, depending on the type of product, can exceed the amount of money deposited in establishing the position.
Market participants should put at risk only funds that they can afford to lose without affecting their lifestyle.
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