The Pre-launch Resource Hub is designed to provide market participants with information regarding planned Cboe products, including information that may be useful in preparing to trade Cboe products on their day one launch.

If there is other information that you would like to see provided here, please contact us.

What Are Cboe® S&P 500 Equal Weight Index Options?

S&P 500 EWI options will be cash-settled and based on 1/10th the value of the S&P 500 EWI, the equal- weight version of the S&P 500 Index. The S&P 500 EWI includes the same constituents as the capitalization-weighted S&P 500 Index, but each constituent of the S&P 500 EWI is allocated a fixed weight of 0.2% of the index total at each quarterly rebalance.

The equal-weight design of the S&P 500 EWI aims to provide different exposure to the same constituents of the capitalization-weighted S&P 500 Index. For example, as of December 20, 2024, the bottom 400 constituents represented approximately 80% of the S&P 500 EWI, compared to just 26% in the S&P 500 Index.

S&P 500 EWI options may provide exposure to an index designed to be less impacted by a potential shift in concentration and momentum and aim to offer investors the ability to hedge against potential swings in the largest S&P 500 stocks. At launch, Cboe will list standard monthly options expiring on the third Friday (SPEQX). FLEX options will be offered on SPEQX.

SPEQX options are planned to launch on April 14 and will be available during regular trading hours (RTH) between 9:30 a.m. ET and 4:15 p.m. ET.

Vendor Symbology

Index	Instrument Type	Cboe Symbol	Settlement Type	Refinitiv Eikon / LSEG Workspace	Refinitiv T1 / TD
S&P 500 Equal Weight Index Options	Trading	SPEQX	AM	SPEQX	SPEQX
S&P 500 Equal Weight Index Options	Settlement	SPEQS	AM	.SPEQS	SPEQS
S&P 500 Equal Weight Index Options	Index	SPEQX	AM	.SPEQX	SPEQX

Contact Us

Global Sales	CFE Market Data	CFE Trade Desk
Kelly Broadhurst Director of Global Derivatives Sales kbroadhurst@cboe.com	Market Data Services marketdata@cboe.com 212-378-8821	CFE Trade Desk cfetradedesk@cboe.com 312-786-8700

Disclaimers:
There are important risks associated with transacting in any of the Cboe Company products or any 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: https://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. © 2025 Cboe Exchange, Inc. All Rights Reserved.