List of Cash-Settled FLEX ETF Products

Cboe may list up to 50 cash-settled FLEX ETF products. These products shall be FLEX Equity Options with an ETF underlying security having an average daily notional value of $500 million or more and a national average daily volume of at least 4,680,000 shares, measured over the prior 6-month period.

Twice per year the Exchange will determine the underlying ETFs satisfying the notional value and trading volume requirements of this rule using trading statistics for the previous six-month period.

The Exchange will permit cash settlement as a contract term on no more than 50 underlying ETFs meeting the criteria of this rule.

If more than 50 ETFs satisfy the notional value and trading volume requirements, the Exchange will select the top 50 ETFs with the highest average daily volume.

If the Exchange determines, pursuant to the review conducted, that an underlying ETF ceases to satisfy the criteria, any new position entered into overlying such ETF will be required to have exercise settlement by physical delivery and any open cash-settled FLEX ETF Option positions may be traded only to close the position.

List of FLEX ETF symbols that are eligible to have cash settlement as a flexible term.

Symbol Name
AGG iShares Core U.S. Aggregate Bond ETF
ARKK ARK Innovation ETF
BIL SCI Emerging Markets ETF
EEM iShares MSCI Emerging Markets ETF
EWZ iShares MSCI Brazil ETF
FXI iShares China Large-Cap ETF
GDX VanEck Gold Miners ETF
GLD SPDR Gold Shares
HYG iShares iBoxx $ High Yield Corporate Bond ETF
IEF iShares 7-10 Year Treasury Bond ETF
IEMG iShares Core MSCI Emerging Markets ETF
IWM iShares Russell 2000 ETF
IYR iShares U.S. Real Estate ETF
JNK SPDR Bloomberg High Yield Bond ETF
KRE SPDR S&P Regional Banking ETF
KWEB KraneShares CSI China Internet ETF
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF
QQQ Invesco QQQ Trust
RSP Invesco S&P 500 Equal Weight ETF
SMH VanEck Semiconductor ETF
SOXL Direxion Daily Semiconductor Bull 3x Shares
SOXS Direxion Daily Semiconductor Bear 3x Shares
SPXL Direxion Daily S&P 500 Bull 3X Shares
SPY SPDR S&P 500 ETF Trust
SQQQ ProShares UltraPro Short QQQ
TLT iShares 20+ Year Treasury Bond ETF
TNA Direxion Daily Small Cap Bull 3X Shares
TQQQ ProShares UltraPro QQQ
XLE Energy Select Sector SPDR Fund
XLF Financial Select Sector SPDR Fund
XLI Industrial Select Sector SPDR Fund
XLK Technology Select Sector SPDR Fund
XLP Consumer Staples Select Sector SPDR Fund
XLU Utilities Select Sector SPDR Fund
XLV Health Care Select Sector SPDR Fund
XLY Consumer Discretionary Select Sector SPDR Fund