Russell Index Options offered at CBOE
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RUI - Russell 1000 Index Options: The Russell 1000 Index is designed to measure the performance of the top 1,000 companies from a universe of the 3,000 largest stocks in the U.S. The index is capitalization-weighted and includes only common stocks belonging to corporations domiciled in the US and its territories and traded on the NYSE, NASDAQ or the AMEX. The Russell 1000 Index is adjusted once per year, in June, to reflect changes in rankings and shares outstanding.
RVX - CBOE Russell 2000 Volatility Index Options: Options on the CBOE Russell 2000 Volatility Index (RVX) was introduced on CBOE on September 27, 2007. The CBOE Russell 2000 Volatility Index, more commonly referred to as "RVX," is an up-to-the-minute market estimate of expected volatility that is calculated by using real-time Russell 2000 Index (RUT) option bid/ask quotes. RVX uses nearby and second nearby options listed on CBOE with at least 8 days left to expiration and then weights them to yield a constant, 30-day measure of the expected volatility of the Russell 2000 Index. RVX is quoted in absolute numbers that represent the volatility in percentage points per annum.
RUT - Russell 2000 Index Options: RUT is the symbol for options based on the Russell 2000 Index, a leading benchmark for the performance of small-capitalization stocks. Created by Frank Russell Company in 1984, the Russell 2000 Index is designed to measure the performance of the bottom 2,000 companies from a universe of the 3,000 largest stocks in the U.S., which represents approximately 8% of the total market capitalization of the Russell 3000 Index. The index is capitalization-weighted and includes only common stocks belonging to corporations domiciled in the US and its territories and traded on the NYSE, NASDAQ or the AMEX. The Russell 2000 Index is adjusted once per year, in June, to reflect changes in rankings and shares outstanding. Options on the Russell 2000 have a $100 multiplier, so that, for example, if the Russell 2000 price is at 750, an investor might consider hedging a $75,000 small-cap portfolio with one RUT option.
RMN - Mini-Russell 2000 Index Options: The Mini-Russell 2000 Index (RMN) Options are based on 1/10th the value of the Russell 2000 Index.
