Chicago Board Options Exchange

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The Chicago Board Options Exchange (CBOE), located at 400 South LaSalle Street in Chicago, is one of the world's largest options exchanges with an annual trade of over 450 million options contracts, covering more than 1200 companies, 50 stock indexes, and 50 exchange-traded funds (ETFs). The exchange was established in 1973, when it created and listed the first exchange-listed standardized stock options. The CBOE is regulated by the Securities and Exchange Commission (SEC) and its options contracts are cleared by the Options Clearing Corporation (OCC).

It intends to start on March 5, 2007 a Reg NMS compliant stock exchange called the Chicago Board Options Stock Exchange (CBSX) to compete with the NYSE, Nasdaq, and other regional exchanges. [1]

Contents 1 Contracts Offered 2 See also 3 Reference 4 External links

[edit] Contracts Offered

The CBOE (and other national options exchanges) offers options on the following, and others:

• S&P 500 Index (ticker SPX)
• S&P 100 Index (OEX)
• Dow Jones Industrial Average (DJX)
• NASDAQ-100 Index (NDX)
• Russell 2000 Index (RUT)
• S&P 500 Depositary Receipts - SPDRs (SPY)
• NASDAQ-100 Trust (QQQQ)
• Nasdaq-Composite (ONEQ)
• S&P Latin American 40 (ILF)
• S&P MidCap 400 (MDY)
• Cohen & Steers Realty Majors Index (ICF)
• Wilshire 5000 (VTI)
• MSCI EMIF (EEM)
• MSCI EAFE (europe-asia-australia-far-east) (EFA)
• Dow Diamonds Trust (DIA)
• Microsoft (MSFT)
• General Electric (GE)
• Altria (MO)

and thousands more securities (with calls and puts of multiple expirations and strike prices).

(created, edited, and/or revised compliments of Andrew G. Bernhardt, BA Economics)

The CBOE calculates and disseminates the CBOE Volatility Index (VIX), the CBOE S&P 500 BuyWrite Index (BXM), and other indexes.

[edit] See also

Related: Call option, put option, moneyness, option time value, put-call parity, Black-Scholes, Black model, binomial options model, volatility smile, option adjusted spread, option screeners

Options: Stock option, warrant, foreign exchange option, bond option, options on futures, swaption, interest rate cap and floor, credit default option, binary option, real option, option (films), Options symbols

Finance articles: Derivatives market, financial mathematics, financial economics, finance, list of finance topics, list of finance topics (alphabetical), volatility Index

[edit] Reference

1. ^[2] History of CBOE

[edit] External links

• Chicago Board Options Exchange
• Option Screener
• Free stock option historical price tracking
• Online Option Calculators, sitmo.com

Financial derivatives   Options Vanilla Types: Option styles | Call | Put | Warrants | Fixed income | Employee stock option | FX Strategies: Covered calls | Naked puts | Bear Call Spread | Bear Put Spread | Bull Call Spread | Bull Put Spread | Calendar spread | Straddle | Long Straddle | Long Strangle | Butterfly | Short Butterfly Spread | Short Straddle | Short Strangle | Vertical spread | Volatility arbitrage | Debit Spread | Credit spread | Synthetic Exotics: Asian | Lookbacks | Barrier | Binary | Swaptions | Mountain range Valuation: Moneyness | Option time value | Black-Scholes | Black | Binomial | Stochastic volatility | Implied volatility See Also: CBOE | Derivatives market | Option Screeners | Option strategies | Pin risk Swaps Interest rate | Total return | Equity | Credit default | Forex | Cross-currency | Constant maturity | Basis | Variance