Broaden your options trading experience with index options trading - Webull Individuals Trading Stocks ETFs Options Index Options Futures Overnight Trading CryptoNew OTC Margin Prediction Markets Investing Cash Management-- APY Recurring Investing Retirement Accounts (IRAs) Fixed Income Money Market Funds Webull Advisors Tools paperTrade Charts & Tools VegaNew Open API Third-Party Platforms Orderflow Chart Platform Desktop Mobile paperTrade Predict Quotes AgenticAI Premium Promotions More Resources AgenticAI Premium Promotions Resources Blog Community Corporate Connect Learn Webinar Help Our Partners Nasdaq Cboe TradingView State Street Wall Street Journal CME Group WebtradeDownload Sign up Log in Index Options Trading Trade a variety of index options to diversify your investment portfolio. Open an account Option trading entails significant risks and is not suitable for all investors. Only eligible accounts may trade options. Investors can rapidly lose their entire investment in a short period of time and incur permanent loss beyond their initial deposit. Please read the Characteristics and Risks of Standardized Options before trading options. Regulatory and Exchange fees apply to options trades. If you want to know more details related to options trading, please go to Options Trading FAQ of Help Center. Why trade index options with us? Lower Fees $0.00 commission, lower contract fees. No added platform fees or account minimums. From Large to Small With standard, mini, and nano contracts, choose a size that matches your investing goals. Multi-Platform Accessibility Trade index options on a secure, fast, and reliable platform. Get instant access to markets and customize your trading with our free trading tools. Free Real-Time Quotes Get free Cboe Global Indices Feed data to track market changes in real-time after registration. One-Stop Trading Hub Trade stocks, ETFs, options, index options, and more, with one Webull account. Grow Your Knowledge Level up your market knowledge and learn about investing with free online courses on Webull Learning Center. Your Wealth. Premium Rates. Subscribe to Subscribe to Webull Premium and enjoy exclusive benefits, including a Premium IRA Match, Reduced Margin Rates, High Cash APY, and Premium Experience Click Here to Learn More Tradable index options and fee structure When trading index options with Webull, the fee structure is different from other products. Familiarize yourself with the fees and costs of trading index options: Ticker Description Tier Schedule Exchange Proprietary Fee Webull Contract Fee SPX S&P 500 <$1 $0.57 $0.50 S&P 500 >=$1 $0.66 $0.50 SPXW S&P 500 <$1 $0.50 $0.50 S&P 500 >=$1 $0.59 $0.50 VIX and VIXW (Simple Order) CBOE Market Volatility Index <=$0.10 $0.10 $0.50 CBOE Market Volatility Index $0.11-$0.99 $0.25 $0.50 CBOE Market Volatility Index $1-$1.99 $0.40 $0.50 CBOE Market Volatility Index $2+ $0.45 $0.50 VIX and VIXW (Complex Order) CBOE Market Volatility Index <=$0.10 $0.05 $0.50 CBOE Market Volatility Index $0.11-$0.99 $0.17 $0.50 CBOE Market Volatility Index $1-$1.99 $0.30 $0.50 CBOE Market Volatility Index $2+ $0.45 $0.50 XSP Mini-SPX Index <10 contracts >=10 contracts $0.00/$0.07 $0.50 DJX Dow Jones Industrial Average Index -- $0.18 $0.50 NDX NASDAQ-100 Index Single-Leg Order, Premium < $25 $0.25 $0.50 NASDAQ-100 Index Single-Leg Order, Premium >= $25 $0.50 $0.50 NASDAQ-100 Index Multi-Leg Order, Premium < $25 $0.50 $0.50 NASDAQ-100 Index Multi-Leg Order, Premium >= $25 $0.75 $0.50 NDXP NASDAQ-100 Index Single-Leg Order, Premium < $25 $0.25 $0.50 NASDAQ-100 Index Single-Leg Order, Premium >= $25 $0.50 $0.50 NASDAQ-100 Index Multi-Leg Order, Premium < $25 $0.50 $0.50 NASDAQ-100 Index Multi-Leg Order, Premium >= $25 $0.75 $0.50 For simple VIX, a priority surcharge is assessed on contracts executed electronically that are Maker and not Market Turner by $0.20 more. There is no exchange proprietary index options fee for Nanos, SPIKEs, and XND. Exchange proprietary fees will be calculated based on execution price, not average price at order entry. * Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details. Free real-time market data​ Webull partnered with CBOE to provide users with the Cboe Indices Feed (CGIF), which offers real-time index values for over 400 products. ​Utilize real-time market data indicators to track market moves and make more informed decisions. Trade index options on powerful trading platforms​ Our award-winning platforms are powerful for traders from beginner to advanced, allowing you to trade at your fingertips via Mobile, Tablet, and Desktop. Download Webull desktop native and customize your own trading terminal with personalized widgets.​ Download Now Access your account anywhere via mobile or tablet version - reimagined mobile trading experience. Learn More Apply for a trading account in a few steps Sign up and open an account Fund your account and start trading Apply for options trading permission Open an account Frequently asked questions Q: What is an index option?​ If you have fractional shares positions, the shares number and price of the position will be affected when a split or reverse occurs for the company. For example, if you have 1.5 shares of XYZ at $10 per share. If XYZ performed a 2 for 1 (2:1) forward split, you’ll have 3 shares of XYZ at $5 per share. If XYZ performed a 1 for 2 (1:2) reverse split, you’ll have 0.75 shares of XYZ at $20 per share. Q: Why trade index options?​ Q: How to place an index option trade on Webull Webull ProductsFuturesOptionsStocks & Fractional SharesETFsBuy & Sell CryptoWebull AdvisorsLearnPrediction MarketsCookie Cookie Setting About WebullInvestor RelationsCareersOur Execution QualityBrokerCheckPricingBlogScript Editor FAQsAccount & LoginRetirementDocuments & TaxesTerms & Conditions Privacy PolicyBusiness Continuity PlanDisclosuresData Disclaimer Our Partners NasdaqCboeTradingViewState StreetWall Street JournalCME Group Contact us [email protected]+1 (888) 828-0618Business Inquiries [email protected] Follow us on Webull ProductsFuturesOptionsStocks & Fractional SharesETFsBuy & Sell CryptoWebull AdvisorsLearnPrediction MarketsCookie Cookie Setting About WebullInvestor RelationsCareersOur Execution QualityBrokerCheckPricingBlogScript Editor FAQsAccount & LoginRetirementDocuments & TaxesTerms & Conditions Privacy PolicyBusiness Continuity PlanDisclosuresData Disclaimer Our Partners NasdaqCboeTradingViewState StreetWall Street JournalCME Group Contact us [email protected]+1 (888) 828-0618Business Inquiries [email protected] Follow us on Contact us [email protected]+1 (888) 828-0618 Business Inquiries [email protected] Webull Products FuturesOptionsStocks & Fractional SharesETFsBuy & Sell CryptoWebull AdvisorsLearnPrediction Markets FAQs Account & LoginRetirementDocuments & TaxesPrivacy FAQs About Webull Investor RelationsCareersOur Execution QualityBrokerCheckPricingBlogScript Editor Our Partners NasdaqCboeTradingViewState StreetWall Street JournalCME Group Terms & Conditions Privacy PolicyBusiness Continuity PlanDisclosuresData Disclaimer Cookie Cookie Setting Follow us on Webull Platforms For Mac For Windows Linux(Ubuntu) App Store Google Play Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX). Futures and cleared swaps trading is offered by Webull Futures LLC, a CFTC registered Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and a Member of the National Futures Association(NFA). Futures and cleared swaps trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement and other relevant Futures Disclosures located at www.webull.com/fcm-disclosures prior to trading futures or cleared swaps products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). Advisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. See additional information on the Disclosures webpage. Trades in your Webull Advisors account are executed by Webull Financial LLC. Account Protection: SIPC and Excess SIPC Coverage Client securities accounts at Webull Financial LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Webull offers clients Excess SIPC coverage based on the clearing arrangement: For securities accounts under the omnibus clearing relationship with Apex, Webull carries an excess SIPC policy with certain underwriters at Lloyd's of London, which extends per account coverage for securities and cash up to an aggregate of $100 million, subject to a maximum limit of $1,900,000 for any one customer’s cash. Securities positions are not subject to any per account sublimit. (ii) For securities accounts that are fully-disclosed to the clearing firm, Apex has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer's securities and $900,000 for any one customer's cash. For the purpose of determining a Webull Financial LLC covered account, accounts with like names and titles are combined, but accounts with different titles are not (e.g. Individual/John Doe and IRA/John Doe). Futures and other assets held outside the securities account are not covered. SIPC and Excess SIPC Protections do not protect against a loss in the market value of securities. SIPC is a non-profit, membership corporation funded by broker-dealers that are members of SIPC. For more information about SIPC and answers to frequently asked questions please refer to the following websites: (i) http://www.SIPC.org (ii) https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins/investor-bulletin-sipc-protection-part-1-sipc-basics Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options. All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. Diversification does not eliminate the risk of experiencing investment losses. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges are subject to Webull Financial, LLC review and approval. Leverage carries a high level of risk and is not suita…