Cboe's Magnificent 10 Index Options and Futures
The Cboe Magnificent 10 Index (MGTNSM Index) is a thematic, equal-weighted benchmark designed to track 10 U.S.-listed large-cap technology and growth-oriented companies. The companies in the MGTN Index are leaders in their respective industries. As such, MGTN tradable products provide market participants with a turnkey solution that allows them to hedge or speculate on the movements of these companies:
- NVIDIA Corporation — NVDA
- Apple Inc. — AAPL
- Amazon.com, Inc. — AMZN
- Alphabet Inc. (Google) — GOOGL (Class A)
- Microsoft Corporation — MSFT
- Meta Platforms Inc. (Facebook) — META
- Tesla, Inc. — TSLA
- Advanced Micro Devices, Inc. (AMD) — AMD
- Broadcom Inc. — AVGO
- Palantir Technologies Inc. — PLTR
On Dec. 8, Cboe launched MGTN Index Options and Futures. The launch of derivative instruments based on the index is backed by empirical data, as many of these firms are among the top 10 single-stock option volume leaders in 2025. Simply put, the options trading activity around these firms is materially significant, with approximately one-third of single stock options volume being attributed to these companies, according to research done by Cboe's Henry Schwartz, vice president of derivatives market Intelligence.
Regarding MGTN, Global Head of Derivatives at Cboe, Executive Vice President Rob Hocking, stated, "Investors globally are looking for new ways to access and trade the most innovative U.S. companies. The upcoming launch of Cboe Magnificent 10 Index futures and options will deliver that opportunity. These products are designed to provide exposure and flexibility — whether for tactical positioning, hedging ahead of earnings, or managing market-moving news in tech and growth sectors. This launch reinforces Cboe’s commitment to identifying trends and introducing innovative, tradable solutions that meet the needs of both retail and institutional investors."
MGTN options will be cash-settled and European-style, eliminating physical delivery and the potential for early exercise, which differentiates them from options on the individual stocks. MGTN options offer AM-settled third Friday and PM-settled end-of-month expiries.
MGTN futures are listed and traded on Cboe Futures Exchange. MGTN futures offer a capital-efficient way to gain exposure to the most influential tech and growth stocks through a single tradable product.
Both the MGTN index futures and options will be cleared by the Options Clearing Corporation.
Trading The New Paradigm with Cboe
The launch of the Cboe Magnificent 10 Index, along with its options and futures, highlights Cboe's commitment to innovation and its dedication to supporting both individual and institutional investors. As the investment landscape continues to evolve, Cboe is prepared to help market participants confidently navigate the market – and the launch of options and futures on the MGTN Index offers a new paradigm for global investors.
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