CBOE Launches Magnificent 10 Index Futures and Options for Tech Traders

CBOE Global Markets has launched futures and options based on the CBOE Magnificent 10 Index, a benchmark of 10 mega-cap technology stocks. The new products aim to provide traders with a way to bet on the performance of these high-profile companies. The CBOE Magnificent 10 Index includes stocks like Apple, Microsoft, and Alphabet, and the new futures and options will offer traders increased flexibility and leverage to trade on these stocks.

CBOE Global Markets has announced plans to launch futures and options based on the CBOE Magnificent 10 Index, a benchmark of 10 mega-cap technology stocks. The new products aim to provide traders with a way to bet on the performance of these high-profile companies. The CBOE Magnificent 10 Index includes stocks like Apple, Microsoft, and Alphabet, and the new futures and options will offer traders increased flexibility and leverage to trade on these stocks.

The CBOE Magnificent 10 Index is a thematic, equal-weighted benchmark designed to measure the price return of 10 U.S.-listed large-cap stocks of technology and growth-orientated companies. The current constituents include all the Magnificent 7 stocks (Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia, and Tesla), in addition to Advanced Micro Devices (AMD), Broadcom, and Palantir. The value of the MGTEN Index will be available on the Cboe Global Indices Feed via the Cboe Global Indices Channel.

The new product suite will offer investors a way to gain targeted exposure to several of the most actively traded AI technology-focused stocks through cash-settled index futures and options. The CBOE Magnificent 10 Index futures and options will be cleared by the Options Clearing Corporation (OCC), potentially allowing for margin offsets.

Cathy Clay, Global Head of Derivatives at CBOE, stated, "Both institutional and retail traders are increasingly looking for smarter ways to gain exposure to the most influential, market-moving stocks – along with tools to manage their positions and hedge risk more precisely, both intraday and around the clock. With our new MGTEN Index futures and options, we're bringing the best of CBOE's indexing and derivatives expertise to meet this demand."

The MGTEN options will be cash-settled and European-style, eliminating physical delivery and the potential for early exercise. They will be listed and traded on CBOE Exchange, Inc. (CBOE Options), with weekly P.M.-expiring options set to begin trading in the first quarter of 2026. The planned cash-settled MGTEN futures will be listed and traded on Cboe Futures Exchange (CFE).

CBOE aims to launch the MGTEN Index monthly options and futures in the fourth quarter of 2025, with the weekly P.M.-expiring options to begin trading in the first quarter of 2026, all subject to regulatory review. At launch, MGTEN Index futures and options trading will be available during regular trading hours and CBOE plans to extend availability through its Global Trading Hours at a later date.

For more details on the index and its tradable products, visit the pre-launch resource hub here.

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