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RUSSELL 2000
Harness the Russell 2000 Index to access small-cap momentum, manage risk, and diversify beyond large-caps—all through one efficient, cash-settled options contract.
Volume
Open Interest
Russell 2000 Index Options deliver broad exposure to 2,000 U.S. small-cap companies in a single trade, offering daily expirations, flexibility, and capital efficiency.
| Description | Russell 2000 Index Options - Traditional | Russell 2000 Index Options - Weeklys and End of Months | iShares® Russell 2000 Index Fund (IWM) Options |
|---|---|---|---|
| Options Chain | RUT | RUT | IWM |
| Root Ticker Symbol | RUT | RUTW | IWM |
| AM or PM Settlement | AM-settled | PM-settled | PM-settled |
| Aproximate Notional Size | $195,800 | $195,800 | $19,400 |
| Exercise Style | European | European | American |
| Settlement Type | Cash | Cash | Physical Shares of ETF |
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.
Strategy benchmarks provide investors with a measure of the relative performance of Russell 2000 Index-based options strategies.
Explore specifications, strategy briefs, and other materials for optimal use of RUT index options.
In order to assist institutional market participants that wish to source liquidity in Russell 2000® Index options products (tickers RUT & RUTW), listed on Cboe Global Markets, Inc. (Cboe), a list of agency brokers supporting institutional orders in RUT & RUTW is being provided in consideration for obtaining competitive markets.
This list is not an endorsement of the firms listed, and no significance should be attached to a firm's inclusion or omission. In connection with compiling this list, Cboe has not investigated the background or disciplinary history of any of the firms or their associated individuals listed or whether or not they have any required registration status necessary to perform these functions.
This list may not be exhaustive as it only includes those firms that have requested to be included on the list. Any agency brokers that would like to be included in or removed from this list should complete the Trading Permit Holder Consent Form.
List of agency brokers:
Lakeshore Securities LP
Matthew Flipovich
[email protected]
(312) 341-1200
X-Change Financial Access LLC
William Ellington
[email protected]
(312) 580-8772
*Under section 1256 of the Tax Code, profit and loss on transactions in certain exchange-traded options, including RUT, are entitled to be taxed at a rate equal to 60% long-term and 40% short-term capital gain or loss, provided that the investor involved and the strategy employed satisfy the criteria of the Tax Code. Investors should consult with their tax advisors to determine how the profit and loss on any particular option strategy will be taxed. Tax laws and regulations change from time to time and may be subject to varying interpretations.
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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.”
