CBOE

Ken385

Actually, it is realistic. The exchanges COB's (complex order books) accept spreads that include stock. The idea is there is no risk here of unfilled legs as the spread is filled together including stock. CBOE explains the COB here and how orders are filled including stock. [Cboe US Options Exchange Complex Orders](https://www.cboe.com/us/options/trading/complex_orders/)

duboilburner

Tom and Tony were founders of ThinkorSwim, and then they sold that and founded TastyTrade. TastyTrade/TastyLive on YouTube has a lot of great options info. "Mike and his White board" has a lot of great introductory material from years ago on that channel. Tom and Tony used to be market makers trading on the CBOE floor in the 80s through 90s. Sosnoff recently left Tasty, Tony is still there doing live shows most every day. But, they aren't going to give you much of what you're asking. They primarily prefer options selling strategies/premium collecting. It's about risk management and putting odds in your favor, but, they don't often teach much on more convex trades. If you're going to be long-only trading options, you'll want to know what you're up against. Setup your broker to display Intrinsic vs. Extrinsic value of each option. You need to both be accurate in predicting price and also understand which options aren't going to kill you on theta if price doesn't move as far as fast as you really need to realize profit. Buying out of the money options is a money-losing proposition \*unless\* price moves far enough in your direction. Buying in the money, where intrinsic value is greater than extrinsic, at least means you're not fighting theta quite as much. There is less convexity/max potential profit when doing this, but, it is more likely to end up profitable if you are directionally correct, just not as large of a move as you had hoped for. If you are a directional trader, if you have the margin, trading futures is almost easier to wrap your head around. The P/L change is at least linear compared to the index price displayed. Whereas options are anything but linear, and any extrinsic value is going to 0 at expiration.

JelliedHam

Go read the terms of service. All 9,000 pages of it. I'm sure somewhere there's some kind of convoluted clause that says they reserve the right to basically fuck any order entered for just about any reason, including error. They can literally just have an error. You have to remember that they are simply a platform. When you place an order, you are not entering a contract with them then. Your contract is with the counterparty that an exchange, like the CBOE,and a clearinghouse, facilitate. The contract doesn't occur until each of the facilitators between you and counterparty all have agreed upon instructions for processing that trade, and if anything doesn't match any one of them can pretty much say "nope, that doesn't look right. No green light." And then it just gets declined. The cpty, exchange, clearinghouse don't know or give a fuck who you are, the assignment didn't cook. If robinhood booked it, but it doesn't clear for whatever reason the trade is canceled. I'm 99.99999% sure OP will be told by some AI assisted customer service pleb in Bangladesh that the trade was simply not confirmed and there's nothing that can be done. /end

Sean_VasDeferens

The fees on SPX are set by CBOE, not IBKR. The only way you can reduce the fees is to purchase a seat on the CBOE. I was paying around $80K per year in fees on my SPX trades, I've looked into it and gave up.

the_humeister

Do you get a CBOE discount?

OurNewestMember

You didn't say your trading volume. If it is high enough, you can get a frequent trader id from CBOE, and I think tws or client portal will let you configure to have that on your CBOE orders. That can help on the exchange side. But it won't get past the bs IBKR commissions where each complex order leg is billed as its own order. Absolute bs. If that's critical, then it seems like RH offers lower commissions, Fidelity offers lower total cost by not passing through exchange fees, and tasty offers capped multi lot order commissions (unsure how/if that applies to CBOE products, though) Also keep in mind for a full service broker, IBKR has low futures fees, so some strategies might be relatively economical using futures products instead of index securities.

Ken385

AS mentioned, IBKR won't lower your commissions, but If that's your only concern, the lowest rates when trading SPX options will be with Fidelity. They won't pass on the extra CBOE exchange fees.

Ken385

RH will also pass on the CBOE exchange fees when trading SPX options of up to .66 (on top of the .50 commissions) [Trading fees on Robinhood | Robinhood](https://robinhood.com/us/en/support/articles/trading-fees-on-robinhood/#Optionsregulatoryandexchangefees)

Ken385

The max CBOE exchange fee is .66 for SPX monthlies over $1. It's less for premiums under $1 and for SPXW (weeklies). Still extremely costly.

Ken385

If you are paying 1.50 a contract, thats becasue you are doing 1 lots ($1 minimum commissions). If you trade at least a 2 lot, you will pay less. They charge .65 in commissions and pass on the exchange fees from the CBOE of up to .66 cents (or less depending on the premium and whether they are weeklies)

papakong88

It’s the CBOE fee (around 80 cents) for SPX that is costly. Can you trade NDX which has no such fee?

Ok-Replacement9595

CBST halted on CBOE pending news?

Cyral

Almost every “GEX” site, especially the vibe coded dashboards seen here every day, use an extremely naive formula based on open interest. They assume all calls are sold by investors, and puts bought by investors (and the opposite for market makers). Spend three seconds thinking about this and you’ll realize how flawed that assumption is, and how the data derived from it would be extremely shaky at best. There are a couple of companies doing “dealer positioning” based on CBOE data that is very expensive (it identifies retail vs mm), and as another commenter points out, it’s not clear if that is even accurate either.

TheESportsGuy

Talking to people on reddit always ends this way. Pull your head out of your ass. I am talking about CBOE open interest data on SPX. Or throw your money away, dipshit. Doesn't matter to me

epicguest321

Don’t care about mutual funds, go look at CBOE data instead of staring at a brokerage platform

Neilleti2

Sentiment bots made a quick scalp off the tweet pump, but the effect is already deflating just 15 minutes after. VIX futures were only reset back to Friday, and still are going keep inching up and putting downward pressure on shares until tankers actually start moving freely, and there's zero evidence that anyone is trying to meet Iran's demands. https://www.tradingview.com/symbols/CBOE-VX1!/?timeframe=5D

TapThatYak

Hey Chairman! Awesome feedback, thank you for taking the time to look at this post. The post was initially a bit of a rant because I am newer to options. I've caught up on the greeks, but the possibilities of what happens during real world demand pressures and pricing of volatility is still not totally clear with me. In other words, I thought if I had strong conviction in SNDK going down and placed my stop losses correctly I can benefit from tight risk management if SNDK goes down. Little did I know, I took the options with \~$3-5 of extra premium because SNDK rocketed up to $753 so fast. I noticed if I waited several hours yesterday, after the price consolidated a bit, the same option was going for \~$33-35 with the loss in IV. What's crazy is, I discovered a weird trend on the order books for the bid/ask. Essentially people are placing walls on the bid-ask spread. E.g. near 1-2PM eastern bids were locked down 37.50, Asks were at $42.50, insane spread because of low volume. I researched this and basically market makers corroberate with the CBOE to maintain markets and provide liquidity. I did some tests... this liquidity is algorithmic and happening constantly behind the scenes without us being able to see it. I have a screen recording showing how I was able to move all the visible order blocks of each MIC from $42.50 down to $42.20 momentarily. Then the order blocks further in depth suddenly shot up to $44.80-$45.00. I wanted to see if I could shift the mid price higher if I took away my ask. As soon as I did that, the order blocks were instantaneously backed to $42.50, down from $44.80, preserving that $40 mid asking price. Absolutely insane. This is the more dishonest part... I recall this same market manipulation when buying the option. I was bidding up in increments of $0.1 during the ascent to \~$753 because I wanted in on the action before SNDK falls back down. Bids are up to $37.3 at this point. As soon as I upped my bid by $0.3 to be a bit more greedy on acquisition, the order instantly took and the bids immediately went down to $37 across all bid order blocks and even lower in the next few minutes (all the way down to \~$34-35) even though thee price was generally flat. I got snuffed out as 1 of several independent traders and got totally manipulated on the premium... Market makers intentionally kept bids higher when volume was low and then set more appropriate bid order blocks once I already bought my positions. This stuff is like the wild west... Market makers have total control of premium manipulation in these low volume options and most people don't even realize this. To finish up, I planned to close the positions regardless by end of Friday because of not wanting to get burned by theta decay over the weekend. Really interested in learning about spread and using tools like you mentioned. I would appreciate any resources that you recommend. This is my new hobby, maybe I should have gotten a mathematics degree instead of engineering 🤣

AntoniaFauci

CBOE proudly announcing their entry into prediction markets. They are branding it “Plus” (v original) as in “stock market plus” They are saying they’ll refrain from sports and pop culture bets.

KelvinsEdge

Ya this worked for me too. I dont completely ignore the Greeks but just mostly ignore them. The truth is options trade off supply and demand just like all other instruments. The Greeks are theory and arent even calculated into live real-time options prices, lol I know i am going to get flak for this but look it up. CBOE doesnt use the Greeks in calculating the real-time price. The Greeks shown on the real-time pricing are generated from the supply and demand pricing, not the other way around. I also started doing much better on my options trading from chilling out about these details.

DiamondG331

Nice! Well with all the volatility I was able to pick up decent premium 2dte and usually after the market opens the following, easily up 40%. Generally I would close that position by 10-11a the next day and adjust from where SPY was at that time. If it’s relatively close to the middle of both my short strikes I may hold. Today was the first day that SPY came very close to my short put. Yesterday I had $663 as my short strike for 3/19 but thankfully I decided to close that and roll it down to $657 yesterday. Tomorrow I should be even or maybe slightly down and will probably close it asap and add more 3/20s. Over the weekends, I will go 4dte and $15 OTM. $2wide just so I don’t have to Sell/Buy so many spreads at a time. I carry say 40 condors on each day and add and close and different times of the day. I was also potentially being flagged by my broker as a Pro trader because everytime I modify an order to try and get the best price, it counts as a transaction to CBOE. I wasn’t aware of this.

Confident-Court2171

Agree, but markets won’t drop. Fedratewatch at the CBOE has a 0% chance for a rate reduction, 98.9% chance of a hold, and 1.1% chance of a raise. What WILL drop is some rambling angry social media message from a certain unhinged individual…

bananastock

I'm looking at [investing.com](http://investing.com) lol I'm looking at the CBOE with 12k volume CSE doesn't even show todays numbers but shows 491k yesterday OTC tocker BLOZF with over 1M volume today. Maybe its the website thats off?

duboilburner

If you pay for Periscope on UnusualWhales, you're getting a lot closer to the real dealer positioning in SPX than what SpotGamma's model gives you. You have to pay extra for Periscope because they are paying for an expensive data service from the CBOE for 10 minute updates on real options positioning. It's a game-changer when you get into a put dominated region of strikes and places like SpotGamma show the entire range as negative gamma, because they make the assumption that all puts are bought by customers and all calls are sold. But a service like Periscope will show spots of positive gamma even in put dominated regions, and those often end up being support or resistance in that range, whereas other services show it all as being negative gamma. There's an added layer of depth and accuracy you can add when the positioning data you're looking at is actually accurate.

MilesDelta

Good clarification, that changes things. If you're locked into IBKR through the LTD structure and almost exclusively trading SPX, here's where to focus. First, confirm you're on tiered pricing. At just under 10K contracts a month you're right on the edge of the $0.50 tier. Even if you're slightly under, the difference between $0.65 and $0.50 across 9,500 contracts is roughly $17K a year. You can switch between fixed and tiered in Account Settings, it takes effect next session, no phone call needed. On SPX specifically, your options are routing to CBOE since that's where SPX exclusively trades. So you don't have the same exchange shopping that equity options give you. But within CBOE there are still different order types that affect your costs. On tiered pricing, IBKR passes through the exchange fees and rebates separately. For SPX, CBOE charges different rates depending on whether you're a customer, professional, or firm account. Your LTD company structure might classify you as a "professional customer" or "firm" rather than retail customer, and that distinction matters because CBOE's fee schedule is different for each. Check your statements carefully. If IBKR has you classified as professional or firm, your exchange fees per contract are higher than what a retail customer pays. It might be worth asking IBKR directly how your LTD is classified and whether there's any flexibility. The bigger opportunity for you is probably order type optimization rather than routing. A few things to look at. Use limit orders rather than marketable limits. On SPX multi-leg orders, the difference between hitting the ask and sitting a few cents inside the spread can be 5-10 cents per contract. Across 10K contracts a month that dwarfs your commission savings. IBKR's adaptive algo is worth testing if you're not already using it. It starts passive and gets more aggressive over time. For SPX spreads where you're not in a rush, it tends to get better fills than a straight limit at mid. Also look at your Monday/Friday clustering. If you're opening and closing a large number of contracts on those two days, you're competing with every other premium seller who follows the same weekly cycle. Spreads on SPX options tend to be slightly wider on Monday mornings and Friday afternoons for exactly this reason. If any of your Friday closes or Monday opens can shift to Thursday afternoon or Tuesday morning respectively, you might see a small but consistent improvement in fill quality. One more thing worth checking on your statements. IBKR charges a minimum commission per order of $1.00 on tiered. If you're submitting a lot of small orders (1-2 contracts each) rather than batching, you could be paying effectively $0.50-1.00 per contract on those small orders instead of $0.50. Batching your entries into fewer larger orders where possible helps here. Realistically at your volume and being locked into IBKR through the LTD, you're probably looking at saving $8-15K a year between moving to tiered (if you haven't), optimizing order types, and tightening up execution timing. Not life changing but that's real money compounding over a few years.

Appenhiemer

Heads up, Ken385 below corrected me on the add/remove rebate point. CBOE doesn't run maker/taker on index options so that part of my advice was wrong. The tiered pricing and bulk negotiation points still apply but do your own math on exchange fees. Ken also pointed out Fidelity doesn't pass through SPX exchange fees at all which might change your calculus on the switch.

MilesDelta

Stand corrected on the add/remove liquidity point. I was applying equity options logic to SPX and that's wrong since CBOE doesn't run a maker/taker model on index options. Appreciate the correction. The Fidelity point about not passing through exchange fees is something I didn't know and changes the math significantly for high-volume SPX specifically. If you're running 100+ contracts a day and the exchange fee delta between Fidelity and IBKR is a few dollars per contract, that could easily outweigh the execution quality difference. Especially since as you noted, the orders are all hitting the same CBOE book anyway. Genuinely useful information. This is why I read comment sections.

Ken385

Whatever broker you use for SPX options isn't going to mater for fill quality. The SPX is single listed at the CBOE. Spread orders will be routed to the CBOE's COB (complex order book). This will generally happen with all brokers. Depending on the size of the order, some brokers may route the order to a broker in the pit, but this would be an exception and for very large order. Adding or removing liquidity as no affect on fees at the CBOE. The CBOE adds exchange fees of fixed amounts depending on the price of the option and whether it is SPX or SPXW (weekly). SPX is slightly more. The fees are much higher than .15 to .30 you mention. Some brokers will charge a fixed add on for all SPX options, IB passes on actual exchange fees. Fidelity is the only broker I know of that doesn't pass on the SPX exchange fees. So if you are looking at cost alone, they will be the cheapest for SPX options, even if you are paying more in commissions.

Appenhiemer

IBKR tiered at your volume is a no-brainer but watch the add/remove liquidity split on the CBOE passthrough. If you're mostly sending marketable limits you're removing liquidity and paying the higher exchange fee. If you can shift even 30-40% of your orders to non-marketable limits that rest on the book for a few seconds before filling, the exchange rebate on SPX can actually net you a credit on those fills. At 100+ contracts a day the difference between paying $0.25 and receiving $0.05 per contract on exchange fees is real money by month end. Also worth asking IBKR about their bulk negotiation. At your volume they'll sometimes reduce the per-contract rate if you commit to a monthly minimum. Not advertised but it exists.

MilesDelta

100+ SPX daily is real volume. At that level the tiered vs fixed calculation on IBKR is worth doing carefully because the savings compound fast. Tiered gets you down to around $0.15-0.25 per contract on higher volume tiers vs $0.65 fixed. On 100 contracts a day that's the difference between $15 and $65 in commission, which over a month is a meaningful number. The thing most people miss on IBKR tiered is that exchange fees are passed through separately. On SPX specifically the CBOE fees can add $0.15-0.30 per contract depending on whether you're adding or removing liquidity. So your all-in on tiered might be $0.40-0.55 rather than the $0.15 headline number. Still better than fixed at your volume but not as dramatic as it looks on the rate card. IBKR's execution quality on SPX is the best I've seen from a retail platform. Their smart router actually competes for price improvement in a way that Schwab and Fidelity don't at the same level. At your volume you should also look at whether you qualify for their market maker or professional tier which opens up even better routing. Fidelity's execution is underrated honestly. Their Active Trader Pro fills are solid, the UI is just stuck in 2014. If you're measuring the actual fill quality delta between Fidelity and IBKR on identical spreads I'd be curious what you're seeing. At 100 contracts a day you'd have a statistically meaningful sample within a week.

brannock_

MMs have successfully strangled RTH trading after CBOE handed them daily 0dte expiration for no reason

WarmCalligrapher3006

i'll post here cuz i fear the almighty hammer of bang my SPX prediction model works properly ... so i'll post the prediction at 9h45 and 13h30 tomorrow if i still have a reddit account by then don't mind the other numbers and stuff, it's caca, they didn't have the OI... i just started incorporating CBOE OI data -- column E is prediction for EOD at 9h45, column F is at 13h30 - backtest runs on 9h30-13h30 data exclusively to avoid cheating/look forward, we don't like algos cheating ... still working the fine details, but 30-70 mix between formulas seems optimal, especially with the lolvol component these days. if you don't ban me forever right now, i'll provide this shit for the next 30 odd days in the daily thread in the morning and after lunch break for more precision https://preview.redd.it/uk2ik2e7ljog1.png?width=1366&format=png&auto=webp&s=0b6b514934ba9686cbb203ca1e3b43072de5a672

Perfect-Loquat-7791

VIX doesn’t always expire on Wed if holidays shift schedules. Check CBOE calendar, some weeks skip the midweek expiration.

Basic_Employment_989

IT looks like Box exchange has delay issues? CBOE just issue a self -help against Box Options

EmpathyFabrication

Go to the website of the exchange where the option is listed and navigate to the option ticker and then look for "exercise style." On CBOE it's on the "fact sheet." Or your brokerage program also has it listed somewhere on the options page.

Consistent_Panda5891

So you check CBOE and not CME. Highly regarded. Btw today at 8.30 most bullish jobs report ever. Did you see yesterday DJT live speech? I will personally assure financial oil doesn't spike further. I recently achieved DOW 50k, also a highest S&P, you know, people said those where 4y goal and I did it in one. You know we are in the golden age 🪙 lmao

noinluence

For historical options data at a low cost, free options are extremely limited. You might try CBOE for sample data or use brokerage exports. Most detailed options datasets cost money because exchanges charge for it. Sadly there is no secret free full database.

yatruthordare

at the very least wait for the macros to signal time to buy/ VIX closing multiple times above 35 - then drops while equities still drop, EOD put/call ratio greater than 1.2 ( you can see this on CBOE website), and then confirm the nav price is a nice 20% or so below 200 Day SMA going now with the war still going is a huge risk… efts are not at thier lows yet … and even once over we still have a problem with inflation and a possible credit crisis…. just saying -do not go lightly…

According-Page8618

https://www.tradingview.com/symbols/CBOE-IGV/?timeframe=60M buy IGV and forget about it for 2-3 months and enjoy +20%.

Interesting-Iron2587

CBOE pumpin’

Ribargheart

Vix is a CBOE psyop just trade shit with real price moment. If you can close out for a profit.

Hot_Delivery5122

Normally, VIX monthly futures/options settle on Wednesday morning (30 days before the next month’s SPX expiration), but holidays can obviously change this schedule around. If there was a market holiday impacting SPX options settlement, then the VIX expiration could move one day earlier. This could be why you're not seeing the usual Wednesday activity. Also, make sure you're checking the standard monthly and not the weeklies – sometimes it looks like no one is around if you're not on the correct contract. TBH, VIX settlement is kinda weird, so it's worth checking the CBOE website to ensure you're on the correct schedule.

d33p7r0ubl3

CBOE needs to get off their ass and allow 24/5 options trading

d33p7r0ubl3

I need to start trading futures derivates. Tired of missing moves while CBOE is closed

sport912x

What broker? I think I can get finders fee for reporting them to CBOE.

VegetableWonderful84

does anyone hold CBOE?

Dashover

Buddy of mine who was at the CBOE uses Tradehawk/Tradier and says he pays $10 a month and saves a ton.. haven’t tried them yet .. still using TOS and TC2000 for charting and TV.

rupert1920

Strikes are added based on expected volume. You'll find a couple months out, there are only multiples of 10 for NVDA past $200, multiples of 5 below $200. But for the quarterly expiration in June, it's every $1 under. As the expiration get closer, more strikes will be added in between if CBOE decides there will be enough volume. That's also one of the reasons you'll find way more open interest for multiples of $10 than $5 or $1 - they've been around longer.

papakong88

Most ETF follow the index. Your approach may be different and will have different results. Here is one of the indices: [https://en.wikipedia.org/wiki/CBOE\_S%26P\_500\_BuyWrite\_Index](https://en.wikipedia.org/wiki/CBOE_S%26P_500_BuyWrite_Index)

According-Page8618

https://www.tradingview.com/symbols/CBOE-IGV/?timeframe=12M software down 4%, almost at tarrif low

Due-University8711

The chart for CBOE shows a clear uptrend over the past six months, characterized by higher highs and higher lows, forming what appears to be an ascending channel. The price has recently broken out to a new 52-week high, suggesting a continuation of this bullish momentum. This breakout from a prior consolidation phase indicates strong buying interest and potential for further upward movement. Traders should expect the price to attempt to maintain above the recent high, with potential for minor pullbacks to retest the breakout level before resuming the climb. The current price action is indicative of a strong Stage 2 advance as per Weinstein's methodology, supported by consistent institutional buying.

fire_alarmist

So class action lawsuit against the Nasdaq, NYSE, CBOE and all other exchanges when?

dvdmovie1

CAH or MCK on a pullback. CBOE. RSG/WM. Nice pullback recently in BSX. I think TTWO is oversold under $200 with the catalyst of GTAVI later this year. DPZ.

BadBoyBrando

Rule number 4 - use data! Leverage sites like CBOE, Barchart, and [implied-data.com](http://implied-data.com) for options chains and market assessment data. Don't trade blindly.

JJdante

CBOE

Frosty-Pirate444

Hell no, CBOE has the best data, hands down. CBOE offers true institutional real time data, data that no other platform offers.

Frosty-Pirate444

I use the CBOE institutional data but not sure if they offer that for the SPXW. Although they do offer tick data for most markets. You might want to check with the CME Group because they offer similar products as the CBOE.

iron_condor34

Why? Its a quick way to compare a cc strat that an etf manager is running vs the underlying. CBOE has option strategy indexes too. Even those indexes will show the same thing that cc strats will also underperform. The only benefit you'll probably get is possibly less of a drawdown in downturns.

According-Page8618

https://www.tradingview.com/symbols/CBOE-IGV/?timeframe=60M tech software back to april prices

Bene_observari

CBOE thanks you for your donations. WSB getting rag dolled today.

PIK_Toggle

For retail, is DMA or PFOF better in terms of price and execution? My experience has been that PFOF platforms provide better fills. I could be wrong, but that’s what a few years of trading tells me. If you could dictate your ordering routing, what would it look like for options? CBOE or dark pools? How do the larger firms route trade volume (Schwab, fidelity and E*Trade)? Do they maintain their own liquidity pools? Or does it all flow to CBOE?

Sharaku_US

Both OptionsDepth and VolSignals use the same back end CBOE data and you can see the dealer or customer positioning. If you know how to leverage the data that 200 a month is pretty cheap.

WolfPossible5371

The $200/month services are mostly just dressing up free OI data with a nice UI. Real dealer positioning from the exchange costs institutional money.. think five figures annually. That's why every affordable tool is using the same public inputs and calling it "proprietary." For backtesting purposes, you can approximate GEX from public options chain data. Pull OI and greeks from CBOE or your broker's API, compute gamma exposure per strike, and see if the levels correlate with reversals in your historical data. Won't be perfect but it's free and you'll learn more building it than paying someone else.

crazybitcoinlunatic

Ok so you are from Volsignals. How do you get access to this data? You buy from CBOE and stream it on your website for a fee?

crazybitcoinlunatic

Don’t these services just pay for the exchange data and compile it and sell a service which they charge a monthly fee for? If the data costs $3000 from CBOE they just model the data into a readable form and selling a service for $100-$200

supershinythings

It’s my understanding that entry to the S&P requires multiple profitable quarters before they can be admitted. And it will be a year at least AFTER an IPO. It’ll be a year before they get admitted, if they even still qualify. From AI-slop Google: To enter the S&P 500, a company must be U.S.-based, have a market cap of at least \(\$22.7\) billion, maintain high liquidity (\(>50\%\) public float, high annual trading volume), and show positive earnings in the most recent quarter and for the sum of the last four quarters. The S&P Index Committee ultimately selects companies. Key S&P 500 Inclusion Criteria Location: Must be a U.S. company. Market Cap: Must meet a high threshold, adjusted to \(\ge \$22.7\) billion as of mid-2025. Profitability: Positive GAAP earnings in the most recent quarter and the sum of the last four quarters. Liquidity & Float: Highly liquid, with at least 50% of shares held by the public (public float) and annual trading volume exceeding the float. Structure: Must be a corporation, not a master limited partnership (MLP), and list on a major U.S. exchange (NYSE, Nasdaq, CBOE). Time: At least 12 months must have passed since the initial public offering (IPO). These criteria ensure the index tracks 500 of the largest, most liquid, and representative U.S. companies. 

Regular-Hotel892

Even with the instituional level / most expensive granular data from the exchange “dealer positioning” in aggregate across SPX 0dte strikes for example is impossible to compute. The dataset simply does not exist. The CBOE Open-Close summary does not tell you what people seem to think it does

NationalOwl9561

CBOE data. For SPX

duboilburner

CBOE sells the data for SPX and VIX at least. The companies that do the best to show the data accurately are Unusual Whales' Periscope, OptionsDepth and new guys VS3D (VS=VolSignals). I currently pay for UW's Periscope. I also am in VolSignals' discord to learn how a former market maker understands the data, how they have to hedge with buying or selling futures through different exposures. OptionsDepth and VS3D offer a neat visualization/gradient map of sorts that also predicts what charm and gamma are likely to be as decay happens throughout the day. UW Periscope does not.

crazybitcoinlunatic

Where do you get this data? CBOE?

heroyi

No services provide real time because you cannot adjust the positioning on real time. No, flow data is inaccurate just as well since the market most likely moved away from what the midpoint of the spread may suggest which is why ddoi isn't suitable UNLESS you are ok with that noise and want something for in between. Also, Spotgamma and VS3D definitely differentiate long/short at least for SPX. Equity is a different story because it is absurdedly expensive to not only buy all the reports but some of the exchanges may not even offer a proper tagging like CBOE does.

MrDerivatix

Hey OP. I’m unaware of your context but Bloomberg’s tick-by-tick is probably an overkill (and expensive) for most 0DTE setups unless you’re running a legit HFT desk. PapaCharlie9 gave you useful alternative, but in case you prefer to outsource this problem, you can check out ORATS. They have a live data API that runs with <10 seconds of market delay, which for 0DTE mm is more than fast enough unless you’re competing with Citadel’s colos. Just beware, is not “cheap”. Pricing-wise, the intraday recurring data is around $199/mo. Not cheap, not Bloomberg-expensive. For me the data quality on the IV surface is genuinely better than what you’ll get from most retail-facing providers because they’re fitting a parameterized curve (slope + derivative) rather than just spitting out raw mid-market IVs. For the real pros that need sub-second updates you’re probably looking at OPRA feed direct or through a vendor like LiveVol/CBOE DataShop. What’s your actual latency requirement? That’ll narrow it down fast.

duboilburner

I don't have a link, I just know Daniel Roos (former head of SPX options trading at Belvedere), aka VolSignals has mentioned it repeatedly, as he's built a platform to disseminate the data and he's more plugged into where to get it from and what is upcoming based on what they tell him. Keeps referring to the upcoming shift to also have 1 minute updates instead of only 10 minute, and keeps calling it a "firehose of data." So, he's been gearing up to make sure his servers are going to be able to handle the much more frequent calculation of positions and how to display it, as I think it is a good bit of computing power that's now about to go up by a factor of 10... I don't know if they will have different tiers where you can pay less and still get the traditional every 10 minute updates, and pay more if you want the whole 'firehose' every minute or how it's going to work. I don't think that the raw data from CBOE is as useful to us as it is through these other platforms that turn it into graphs and gradient maps.

Boodiiii

BIIB Put - $180 CNC - put $38 CBOE - call $277.5 AER - Put $135 AN - put $200 PAA - $20 0dte PIPR - $320 put PAGP - $22 call MKTX - $155 put PM - $177.5 put MAC - $19 Put all on latest expire, and just for earnings

tlmarcott

CBOE releasing gex 1 minute streams? Can you provide a link to more?

duboilburner

Unusual Whales' Periscope for SPX options, updates every 10 minutes, has the real positioning info instead of naive GEX based on OI. If you want some extra info and fancy visuals to go with it, OptionsDepth. There's also a new player on the scene that's been put together by a professional ex floor trader, basically trying to recreate the data and toolsets he had when he was a market maker. It's called VS3D, VS standing for VolSignals. I pay to be in his 'pro' discord to pick up some of his professional opinions on how he is translating the data to help my learning process, but I'm not paying for VS3D yet. Unusual Whales Periscope gets me 90% of the way there, just doesn't have the extra fancy visuals, which can be helpful. CBOE will be releasing 1 minute updated data streams soon... They are currently the ones who hold it to every 10 minutes for updates. All of the above mentioned services pay CBOE for the data, and then they parse and display it their own way. So, I suppose you could just pay CBOE directly, but I'm fairly certain that far exceeds what the other services charge. The other guys can charge less because they have numerous customers that can defray that cost... and the raw data may not be as useful as the already calculated displays UW, OD and VS3D offer.

According_Witness441

For infrequent use, free end-of-day data is usually enough. CBOE publishes basic historical options settlement data at no cost, and Yahoo Finance lets you manually pull past option chains by expiration and strike. Nasdaq Data Link (formerly Quandl) also has some free or very low-cost EOD datasets. The expensive platforms are mainly for continuous, cleaned data, so for occasional LEAP analysis, mixing these free sources is often the most practical approach.

According-Page8618

https://www.tradingview.com/symbols/CBOE-IGV/?timeframe=60M tech software alsmost on april low :D

KMI_Dragon_Knight

[https://www.msn.com/en-us/money/investment/cboe-in-talks-to-bring-back-all-or-nothing-options-to-vie-with-prediction-markets/ar-AA1VunPL](https://www.msn.com/en-us/money/investment/cboe-in-talks-to-bring-back-all-or-nothing-options-to-vie-with-prediction-markets/ar-AA1VunPL) So CBOE CME BOX et all can take more money from retail-ded investors

Initial_Ad_9250

Anyone working at CBOE , can y'all lower the Vix for a second bros I wanna load up on some options

DopeBook

Calls on CBOE?

KSFL

You can sell naked puts on margin CBOE says for broad based index options: “100% of option proceeds plus 15% of underlying index value less out-of-the- money amount, if any, to a minimum for calls of option proceeds plus 10% of the underlying index value, and a minimum for puts of option proceeds plus 10% of the put’s exercise price.”

hv876

I so wish CBOE would have busted my 6940P from yesterday…I was right, just a day early 😭.

the_humeister

As an investor in CBOE, I'm all for it.

dvdmovie1

This was my response to another poster a couple of days ago and still same in terms of broad baskets: Selected tech (Japanese suppliers, memory, optics, semicap/semis) but that's even run so quickly opportunities have largely run dry. Have started trimming some memory exposure, which I won't time right but has gotten absurd. If I'm not buying anymore at this point and I don't see it as a long-term holding, I'm very, very gradually trimming. Defense (largely in other countries) AI power (turbine names, BE, etc) Hard assets, some US listed names but a lot in various other countries and via ETFs. Copper miners, uranium miners, aluminum, metal recyclers, gold miners, royalty plays, oil/gas + pipelines, etc etc etc. A lot of this stuff has already run a lot YTD. Commodity futures ETFs would also go in this basket. Biotech. I continue to enjoy dabbling in biotech and have done well with it, although keep it to a reasonable allocation. Financial markets names. (CBOE, etc.) Other odds/ends that don't fit in the baskets above (not as much here as there sometimes is; SATS for example is one.)

iron_condor34

Nah, you just got to understand what the VIX is. CBOE has all the basic info you need.

dvdmovie1

Selected tech (Japanese suppliers, memory, optics, semicap/semis) but that's even run so quickly opportunities have largely run dry. Have started trimming some memory exposure, which I won't time right but has gotten absurd. If I'm not buying anymore at this point and I don't see it as a long-term holding, I'm very, very gradually trimming. Defense (largely in other countries) AI power (turbine names, BE, etc) Hard assets, largely in other countries. Copper miners, uranium miners, aluminum, metal recyclers, gold miners, water companies in Australia, royalty plays, oil/gas + pipelines, etc etc etc. Biotech. I continue to enjoy dabbling in biotech and have done well with it, although keep it to a reasonable allocation. Financial markets names. (CBOE, etc.) Other odds/ends that don't fit in the baskets above.

iron_condor34

You should really read about what the vix is. Read CBOE's white paper on it.

JoJoPizzaG

Download CBOE historical data and you can see which tickets traded the most.  On top of my head, SPY QQQ IWM IBIT. Forgot the ticker for the treasury ETF. 

JesuslovedPLTR

CBOE adding the turbo button to new ways to lose money 💀

KallMeSuzyB

I get mine straight from CBOE and I only need one timeframe per day so it's worth the $35 for me.

Puzzleheaded-One-607

Interesting, thanks for sharing. Some of the exchange companies have insane charts over time. Pull up CBOE for example. I could see MIAX being similar but want to get a better read on fundamentals of the business first 

WeakPop3688

Yes, sites like CBOE, Nasdaq, and Yahoo Finance offer limited free historical options data.

dirty_F0x

Brother, quality options data are expensive. Set up a budget for it or go old school and scrap the CBOE. But good luck with maintaining the pipeline.

j_hes_

CBOE data is not free

j_hes_

CBOE has free options data? Not today’s snapshot?

I_HopeThat_WasFart

CBOE website has it believe

m360842

CBOE status 6 hours ago was "PrimaryMarketHalt"

DC9_Guy

Yes, some markets are (or were) open today. Most futures markets open this afternoon at 5:00PM (ET) [cmegroup.com/trading-hours.html](http://cmegroup.com/trading-hours.html) For the CBOE (e.g. SPX) see CBOE's website at [https://www.cboe.com/about/hours/](https://www.cboe.com/about/hours/) .

Worried_Quarter469

CBOE makes them weekly if it’s popular enough

Terrible_Champion298

I don’t trade 0dte so I might not be the best judge. The CBOE apparently feels they can profit from additional and regular expirations, and the SEC has approved the expansion. Time will tell. But I expect more new traders will tap out early because they played casino instead of learning options trading.