Cboe launches options on the Materials Select Sector Index today, February 7; plans to follow with options on the remaining 10 Select Sector Indices
New index options expected to hold particular appeal for European investors seeking targeted exposure to U.S. equity sectors
Expands Cboe’s suite of products tied to S&P Indices; trading, settlement similar to Cboe’s S&P 500 Index options (SPX)
Cboe Global Markets, Inc. (Cboe: CBOE ) today began the rollout of options on 11 Select Sector Indices that comprise a sub-index of the S&P 500® Index, a key U.S. equities benchmark, further expanding Cboe’s suite of products tied to S&P Indices.
Select Sector options are designed to provide investors with an easy way to add exposure to particular U.S. industry sectors to their portfolios. The new options are expected to have particular utility for investors seeking an alternative to options on exchange-traded funds (ETFs), including European customers seeking an alternative due to certain European regulations. Select Sector options also offer investors the benefits of cash settlement and European-style exercise, similar to Cboe’s S&P 500 Index (SPX) options.
Cboe Options Exchange kicked off the rollout today with the launch of options on the Materials Select Sector Index. The planned rollout schedule and index and options symbols for the remaining options are as follows:
Listing Date |
Index Name |
Index Ticker Symbol |
Trading Symbol |
February 7, 2019 |
Materials Select Sector Index |
SIXB |
SIXB |
February 11, 2019 |
Communication Services Select Sector Index |
SIXC |
SIXC |
February 11, 2019 |
Energy Select Sector Index |
SIXE |
SIXE |
February 12, 2019 |
Industrials Select Sector Index |
SIXI |
SIXI |
February 12, 2019 |
Financial Select Sector Index |
SIXM |
SIXM |
February 13, 2019 |
Consumer Staples Select Sector Index |
SIXR |
SIXR |
February 13, 2019 |
Real Estate Select Sector Index |
SIXRE |
SIXRE |
February 13, 2019 |
Technology Select Sector Index |
SIXT |
SIXT |
February 14, 2019 |
Utilities Select Sector Index |
SIXU |
SIXU |
February 14, 2019 |
Health Care Select Sector Index |
SIXV |
SIXV |
February 14, 2019 |
Consumer Discretionary Select Sector Index |
SIXY |
SIXY |
Select Sector Indices are modified capitalization-weighted indices that track by sector the movement of companies that are components of the larger S&P 500 Index. The options will be exclusively listed on U.S.-based Cboe Options Exchange, the largest of Cboe Global Markets’ four options exchanges. For additional information, visit www.cboe.com/Sectors.