Cboe Exchange (Cboe Options)

Stories

Cboe BZX adopts tiered bid-ask limits for options market makers

Source of the tiered framework

Cboe BZX Exchange now caps its options market makers' bid-ask spreads at $5 for contracts expiring within 270 days, and $15 for contracts expiring later. The rule took effect September 24, 2026, when BZX filed it; the SEC published notice on October 6, 2026.

Updated Oct 8

SEC approves Cboe's combined VIX options and futures orders

Rule Changes

Filer of the approved rule change

Volatility traders can now place one order where they used to need two. On September 2, the Securities and Exchange Commission (SEC) approved Cboe Exchange's rule creating VIX future-option orders, which bundle Cboe Volatility Index (VIX) options with VIX futures (VX futures) in a single transaction.

Updated Sep 4