Cboe to Launch Magnificent 10 Index Futures and Options in December
Cboe Global Markets will launch trading in futures and options on its new Cboe Magnificent 10 Index on 8 December, as demand for exposure to major U.S. technology and growth companies continues to rise.
The index, introduced on 14 October under the ticker MGTN, measures the price return of 10 large-cap U.S. tech and growth stocks, including the so-called Magnificent 7 as well as AMD, Broadcom and Palantir.
It is equal-weighted and only changes following specific corporate actions.
Cboe said the new derivatives will allow investors to access some of the market’s most closely watched companies through a single tradable product rather than managing multiple individual positions.
Both futures and options will be cash-settled to avoid the operational complexity associated with physical delivery.
Rob Hocking, Cboe’s Global Head of Derivatives, said the launch “will deliver that opportunity” for investors seeking new ways to trade the most innovative U.S. companies.
He added that the products offer flexibility for tactical positioning, earnings-related hedging and managing news-driven volatility.
Interactive Brokers’ Steve Sanders said the products meet growing interest in thematic investing, while Robinhood’s Abhishek Fatehpuria said retail investors are “techno-optimists” eager for diversified access to influential stocks.
MGTN options will be listed on Cboe Options Exchange with both AM- and PM-settled contracts, while futures will trade on Cboe Futures Exchange. Cboe plans to introduce global trading hours for the options in early 2026.
