The Index Option Fees are fees associated with Index Option products provided by the Chicago Board Options Exchange (Cboe) and are subject to change without notice. A copy of the Cboe Options Exchange Fee Schedule can be found on www.cboe.com.
Effective June 1, 2022, Firstrade will begin passing through index option fees, it will be labeled as “INDEX OPT FEE” on the trade confirmation. Please see details below:
Underlying Symbol | Description | Premium | Fee per Contract |
SPX | S&P 500 | <$1 | $0.57 |
|
| >=$1 | $0.66 |
SPXW | S&P 500 | <$1 | $0.50 |
|
| >=$1 | $0.59 |
VIX and VIXW (single-leg order) | Cboe Market Volatility Index | <=$0.10 | $0.10 |
|
| $0.11-$0.99 | $0.25 |
|
| $1-$1.99 | $0.40 |
|
| $2+ | $0.45 |
VIX and VIXW (multi-leg order) | Cboe Market Volatility Index | <=$0.10 | $0.05 |
|
| $0.11-$0.99 | $0.17 |
|
| $1-$1.99 | $0.30 |
|
| $2+ | $0.45 |
XSP | Mini-SPX Index | More than 10 contracts | $0.04 |
Disclosures
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Firstrade does not guarantee favorable investment outcomes, and there is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. To learn more about the risks associated with options, please read the Characteristics and Risks of Standardized Options before you begin trading options.