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Russell 2000 Index Options Suite
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.
Manage your positions with increased certainty, as options can only be exercised at expiration.
OPTIONS
Russell 2000 Index Options
Learn MoreOPTIONS
Mini-Russell 2000 Index Options
Learn MoreMeasure the performance of a hypothetical buy-write strategy combining a Russell 2000 stock portfolio with a one-month at-the-money call option.
Learn MoreEvaluate a hypothetical buy-write strategy pairing a Russell 2000 stock portfolio with a one-month out-of-the-money call option.
Learn MoreGauge the performance of a hypothetical strategy that sells Russell 2000 Index put options against collateralized cash reserves.
Learn More| Cboe Index Options | ETF Options | ||
|---|---|---|---|
| MINI-RUT® | RUT® | ISHARES® ETF (IWM) | |
| Contract Size | 1/10th of RUT | 1 RUT | 1/10th of RUT |
| Contract Multiplier | $100 | $100 | $100 |
| Approx. Notional Size (if R2000 is $2,000) | $20,000 | $200,000 | $20,000 |
| Settlement Type | Trading account credited or debited in cash | Delivery of underlying shares | |
| Exercise Style | European style, exercised at expiration, no risk of early exercise or assignment | American style, can be exercised or assigned prior to expiration | |
| Tax Treatment | Capital gains may benefit from 60% / 40% tax treatment* | Standard short- and long-term tax rules | |
| Extended Trading Hours | Global trading hours available | Standard market trading hours | |
| Certainty of Settlement | Settlement and exercise style eliminate potential economic and tax risk for writers | After market contract assignment may result in unplanned residual positions | |
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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 Options and Futures Products. These products are complex and are suitable only for sophisticated market participants.
*Under section 1256 of the Tax Code, profit and loss on transactions in certain exchange-traded options and futures are entitled to be taxed at a rate equal to 60% long-term and 40% short-term capital gain or loss, provided that the market participants involved and the strategy employed satisfy the criteria of the Tax Code. Market participants should consult with their tax advisors to determine how the profit and loss on any particular option or futures strategy will be taxed. Tax laws and regulations change from time to time and may be subject to varying interpretations.
