Cboe to Launch for New Magnificent 10 Index Futures and Options
Cboe Global Markets will introduce futures and options tied to its newly launched Cboe Magnificent 10 Index (MGTN) on December 8, 2025, pending regulatory approval. The products offer traders a single, cash-settled way to gain exposure to 10 of the most influential U.S. technology and growth stocks—an expansion from the traditional “Magnificent 7” theme that now includes AMD, Broadcom and Palantir.
The equal-weighted MGTN Index debuted on October 14 and is built to track the price performance of a fixed group of large-cap innovators. By wrapping these names into a single tradable benchmark, Cboe aims to streamline how investors hedge, express views or manage volatility tied to mega-cap tech leadership.
“Investors globally are looking for new ways to access and trade the most innovative U.S. companies,” said Rob Hocking, Global Head of Derivatives at Cboe. “These products are designed to provide exposure and flexibility—whether for tactical positioning, hedging ahead of earnings, or responding to market-moving tech news.”
Takeaway
Cash-Settled Contracts Designed for Efficiency and Broader Access
Both MGTN futures and MGTN options will be cash-settled, such as physical delivery or assignment risk. The familiarity and standardization of cash settlement is expected to appeal to institutions, active traders and global participants alike.
Interactive Brokers EVP Steve Sanders highlighted the importance of new thematic tools: “Cboe’s Magnificent 10 Index products will offer active traders and institutional investors the flexibility to manage exposure to some of the most popular names in tech in a transparent and regulated market.”
Robinhood’s VP of Product Management Abhishek Fatehpuria noted rising retail demand: “Retail investors are techno-optimists who embrace the companies shaping our future. Products like MGTN Index options give everyday investors diversified exposure to leading tech and growth names while assisting them manage risk more effectively.”
Takeaway
Nahead 24/5 Trading and AM/PM Settlement Options to Support Global Demand
MGTN options will list on (C1) with two types of settlements:
- AM-settled contracts (MGTN) — settle on the third Friday of each expiration month
- PM-settled contracts (MGTNW) — settle on the last business day of the month
Each contract will have a $100 multiplier. At an index level of 460 (as of October 31), a single contract would represent about $46,000 notional.
MGTN futures will trade on the (CFE) and settle on the identical third-Friday schedule. The futures will be available nahead 24 hours a day, five days a week, assisting meet demand from global investors viewking continuous access to U.S. tech exposure. are slated for ahead 2026.
Both futures and options will clear through The Options Clearing Corporation (OCC).
Takeaway
