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What are index option fees?
What are index option fees?
Updated over 3 months ago

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

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