Any Outcome,
One Toolkit
Navigate election volatility and position your portfolio for any outcome with Cboe's S&P 500 Toolkit. Mitigate downside risk or capitalize on potential upswings with our versatile suite of index options and futures.
Discover the 
S&P 500 Toolkit
| Product | Description | Listings | Contract Specs |
|---|---|---|---|
|
SPX
S&P 500 Index Options
|
One of the most actively traded index options in the world. SPX unlocks the full potential of risk management strategies based on the S&P 500. | Daily, Weekly, Monthly, Quarterly, LEAPs | |
|
XSP
Mini S&P 500 Index Options
|
At 1/10 the size of the classic SPX, XSP provides more precision and granularity for scaling exposure to the S&P 500. | Daily, Weekly, Monthly, Quarterly | |
|
VIX
VIX Options
|
Hedge portfolio volatility risk distinct from market price risk and express your view of the future direction of volatility. | Monthly | |
|
VX
VIX Futures
|
With VIX futures, express your view on or hedge against expected volatility in the market. | Weekly, Monthly | |
|
VXM
Mini VIX Futures
|
At 1/10th the size of the standard VIX futures contract, Mini VIX futures offers additional flexibility in volatility risk management. | Weekly, Monthly | |
|
VA
S&P 500 Variance Futures
NEW |
Variance futures are a simple and transparent alternative to OTC variance swaps. | Monthly | |
|
VX Options
Options on VIX Futures
NEW |
Options on VIX futures offer more expiration choices and physically settle into front month VIX futures. | Any CFE Trading Day |
|
SPX
S&P 500 Index Options
One of the most actively traded index options in the world. SPX unlocks the full potential of risk management strategies
based on the S&P 500.
Daily, Weekly, Monthly, Quarterly, LEAPs
|
|
XSP
Mini S&P 500 Index Options
At 1/10 the size of the classic SPX, XSP provides more precision and granularity for scaling exposure to the S&P
500.
Daily, Weekly, Monthly, Quarterly
|
|
VIX
VIX Options
Hedge portfolio volatility risk distinct from market price risk and express your view of the future direction of
volatility.
Monthly
|
|
VX
VIX Futures
With VIX futures, express your view on or hedge against expected volatility in the market.
Weekly, Monthly
|
|
VXM
Mini VIX Futures
At 1/10th the size of the standard VIX futures contract, Mini VIX futures offers additional flexibility in volatility
risk management.
Weekly, Monthly
|
|
VA
S&P 500 Variance Futures
NEW |
|
VX Options
Options on VIX Futures
NEW |
Volatile markets, meet versatile strategies
Key benefits of the S&P 500 toolkit
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One Access Point
Enjoy the convenience and efficiency of executing Cboe options and futures with one clearing house and one executing broker.
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Empower Decision Making
Guide your trading decisions with real-time market indicators, premier education and expert analysis.
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Trade Anytime, Anywhere
Seize opportunities whenever they strike. Trade the suite of Cboe S&P 500 tools nearly 24 hours, 5 days a week, in every time zone — U.S., Europe and Asia.
Get the Edge
You've Been Looking For
Customer Whitepapers & Testimonials
For nearly five decades, asset owners and investment managers have relied on Cboe tools as the tried and trusted solution for mastering risk. Discover how our institutional clients, from hedge funds to insurers, pensions, and RIAs, have harnessed the power of the Cboe S&P 500 Toolkit to achieve their investment goals. Select from the portfolio objectives below to view the client whitepapers and testimonials.
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The rise of OTC and structured exotic derivatives in the 1990s and 2000s, facilitated by aggressive risk-taking by growing investment banks, brought a rapid rise in complexity. With that complexity came new inefficiencies that cutting-edge managers of the time were able to exploit. But that complexity also brought growing risks. This whitepaper traces that evolution of the history of the derivatives markets from a relative value volatility arbitrage manager perspective, pointing out the risks and opportunities that each cycle has brought.
QVR Advisors — Evolution of Derivatives Markets and Arbitrage
Maximize Every Trade
Fine tune your trading strategies
How you implement your trading strategies can be the defining factor in your success. Created by Cboe Labs, our suite of indices unlocks the keys to a deeper understanding of term structures, market sentiment dynamics and the ability to spot outliers.
Gain invaluable insights and make more informed decisions around positioning and timing your trades by exploring our real-time indicators below.
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NEW
DSPX
Cboe S&P 500 Dispersion Index
The Dispersion Index provides an indicator for the market's expectation of the magnitude of idiosyncratic movements in S&P 500 constituent prices over the next 30 days.
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VIX
Volatility Indices
The leading indicator of expected market volatility.
Shortest
Longest
VIX1D
VIX9D
VIX
VIX3M
VIX6M
VIX1Y
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COR
Implied Correlation Term Structure
Reflects changes in relative premium between SPX index options and single-stock options.
Shortest
Longest
COR1M
COR3M
COR6M
COR9M
COR1Y
Harness The Knowledge.
Wield The Power.
Engage with the experts
At Cboe, we're dedicated to helping you navigate any market condition and efficiently manage risk. Engage with product innovators and world-class experts on how to use our tools, analyze markets and take your investment outcomes to new heights.
Cboe Labs is a cutting-edge innovation hub that brings together financial market professionals and academic experts to create solutions for real-world problems.
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