Financial institution Cboe planning to introduce contracts for the Magnificent 10 Index, a new stock market index.
Cboe Announces Plans for New Tech-Focused Index and Trading Products
Cboe Global Markets, Inc. has revealed its plans to launch futures and options on a new index, the Cboe Magnificent 10 (MGTEN), subject to regulatory review. The index, set to launch in Q4 2025, will provide a comprehensive suite of tools for market participants, trading on a nearly 24×5 basis.
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 index includes the Magnificent Seven tech giants—Tesla, Microsoft, Nvidia, Amazon, Alphabet, Apple, and Meta Platforms—along with AMD, Broadcom, and Palantir.
Cboe's new offerings, MGTEN Index futures and options, aim to meet the demand of both institutional and retail traders for smarter ways to gain exposure to the most influential, market-moving stocks. These products are expected to be a powerful tool for implementing daily trading strategies around these in-demand stocks.
MGTEN options will be listed and traded on Cboe Exchange, Inc. (Cboe Options), while MGTEN Index futures will be listed and traded on Cboe Futures Exchange (CFE). Weekly P.M.-expiring options for MGTEN Index will begin trading in the first quarter of 2026, with both products cleared by the Options Clearing Corporation (OCC), potentially allowing for margin offsets.
The launch timeline is subject to regulatory review, and at launch, MGTEN Index futures and options trading will be available during regular trading hours. Along with the standard monthly A.M.-settled expirations, Cboe plans to list weekly P.M.-settled options with expiries on each trading day, offering investors across the globe the ability to trade zero-days-to-expiry (0DTE) options on the index.
MGTEN options will be cash-settled and European-style, eliminating physical delivery and the potential for early exercise. Cathy Clay, Global Head of Derivatives at Cboe, stated that these new products are designed to help reduce concentration risk that may come with trading individual stocks.
Futures provide a way to diversify portfolios with inherent leverage, enabling investors to take larger positions with smaller upfront capital. Cboe intends to list the value of the MGTEN Index on the Cboe Global Indices Feed via the Cboe Global Indices Channel.
For more details on the index and its tradable products, visit the pre-launch resource hub provided. The companies included in the Cboe Magnificent 10 Index, as of its launch, will be Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia, Tesla, Advanced Micro Devices (AMD), Broadcom, and Palantir. Cboe also plans to extend the availability of these products through its Global Trading Hours at a later date.
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