The SPX Index Options refer to options contracts that are based on the S&P 500 Index (SPX). These options allow investors to bet on the direction of the S&P 500 Index without actually owning the underlying stocks. They are traded on the Chicago Board Options Exchange (CBOE) and are used for hedging, speculation, and income generation. SPX Index Options are among the most actively traded options in the world, with a large liquidity pool and a high degree of volatility. They can be traded using a variety of strategies, including calls, puts, and spreads. Index Options are cash only settlements and no dividends for Index options. Trading hours for index options are 9:30 AM-4:15PM ET, Monday to Friday.
AM expirations: Trading stops at 4:15 PM ET on the last trading day before the expiration date.
PM expirations: Trading stops at 4 PM ET (or 1 PM ET for half-days) on the expiration date.
SPX index has 2 root symbols: SPX options have an AM expiration and SPXW options have a PM expiration. Both SPX and SPXW options will show on the same options chain with consolidated expiration dates, as they are all based on the same SPX underlying.
We provide our members with successful day trading Signals on SPX Index Options.
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