Mini options

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Mini options on five of the most expensive and popular stocks began trading on March 18, 2013. They are one-tenth the size of regular options, which means the costs of trading are dramatically lower and thus theoretically affordable for smaller retail traders. Each contract represents 10 shares of the underlying, as opposed to 100 shares for the regular-sized options. Apart from that, the terms and contract features of the mini options are similar to the regular options.[1] They are American-style and can be exercised at any time up to expiration at the discretion of the option holder.[2]

The options are initially offered on:[3]

  • Apple (AAPL7)
  • Google (GOOG7)
  • Amazon (AMZN7)
  • SPDR Gold Fund (GLD7)
  • SPDR S&P 500 Fund (SPY7)

Eight of the 11 equity options exchanges launched the mini options on Monday, March 18: BATS, ISE, NYSE Euronext's Amex and Arca exchanges, Nasdaq Options Market, BOX and CBOE Holdings' CBOE and C2 exchanges.


  1. U.S. options exchanges to launch "mini" options on five securities. Reuters.
  2. Mini options. OIC.
  3. Mini-options debut in five large names. Yahoo! Finance.