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Cboe Global Markets Begins Rollout Of Options On 11 Select Sector Indices Published By S&P

Date 07/02/2019

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.