MRUT
Meet MRUT℠ (Mini-Russell 2000). A smaller, more agile way to trade the underlying Russell 2000 Index. It’s small-cap coverage in a compact, capital-efficient format that can fit your unique strategy.
volume
open interest
MRUT simplifies small-cap trading, delivering cost-efficient exposure to the Russell 2000 with flexible trading opportunities.
Cboe Index Options | ETF Options | ||
|---|---|---|---|
| Mini-RUT® | RUT® | Versus | IShares® ETF (IWM) |
| 1/10th of RUT | 1 | Contract Size | 1/10th of RUT |
| $100 | $100 | Contract Multiplier | $100 |
| $19,500 | $195,000 | Aprox. Notional Size (if R2000 is $1,950) | $19,500 |
| Trading account credited or debited in cash | Settlement Type | Delivery of underlying shares | |
| European style, exercised at expiration, no risk of early exercise or assignment | Exercise Style | American style, can be exercised or assigned prior to expiration | |
| Capital gains may benefit from 60% / 40% tax treatment* | Tax Treatment | Standard short and long-term tax rules | |
| Standard market trading hours | Extended Trading Hours | Standard market trading hours | |
| Settlement and exercise style eliminate potential economic and tax risk for writers | Certainty of Settlement | After market contract assignment may result in unplanned residual positions | |
Measure volatility where it matters most. The Cboe Russell 2000 Volatility Index (RVX) captures near-term market expectations of volatility conveyed by Russell 2000 stock index option prices. RVX typically trades at higher levels than the Cboe Volatility Index (the VIX Index), reflecting the unique risk profile of the small-cap index.
Explore specifications, strategy briefs, and other materials for optimal use of MRUT index options.
Stay current with timely market overviews, expert commentary, and best‑in‑class techniques for navigating MRUT options.
Subscribe for timely product updates and insights
Strengthen your approach to MRUT Index Options with educational modules for risk management, strategic positioning, and real-world small-cap applications.
Courses
Events
Tools
There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: Disclosures and Disclaimers Related to Cboe Products and Services. These products are complex and are suitable only for sophisticated market participants. In certain jurisdictions, Cboe Company products are only permitted for investment professionals, certified sophisticated investors, or high net worth corporations and associations. These products involve the risk of loss, which can be substantial and, depending on the type of product, can exceed the amount of money deposited in establishing the position. Market participants should put at risk only funds that they can afford to lose without affecting their lifestyle.”
