03.06.2025

ADV Across Cboe’s Four U.S. Options Exchanges Reaches Record

03.06.2025
Market Volatility Boosts Options Volume

U.S. Options

  • ADV in February across Cboe’s four U.S. options exchanges was an all-time high of 18.0 million contracts, driven by:
    • A record multiply-listed options ADV of 13.6 million
    • S&P 500 Index (SPX) options ADV of 3.5 million contracts, the highest month on record
  • Several new single-day records were set on February 21, including:
    • Total U.S. options volume of 25.7 million contracts across Cboe’s four options exchanges
    • SPX options volume of 4.7 million contracts, eclipsing the previous single-day record from December 2023
    • 2.6 million zero-days-to-expiry (0DTE) SPX contracts

Futures

  • On February 27, Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index futures (IBIG) saw its largest ever block trade of 2,200 contracts ($309 million notional), helping open interest exceed $479 million notional for the first time.

Cboe Europe

  • Cboe BIDS Europe, Cboe Europe’s block trading platform, reported monthly records for total notional traded (€15.4 billion) and average daily notional value (€771.3 million).

Full details are available here.

Source: Cboe

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