SPX Options Going Electronic in Q1!

Nice!

Thanks for sharing.

 

Are you sure about this? I suspect otherwise.

Oh, perhaps you're right. I do know that the cash-settled options currently listed on the CBOE (like VIX monthly options) are legally securities and not futures options, so if I trade them... my commodity pool comes under SEC supervision. On the other hand, the instruments listed on the CFE (including VIX weeklies) which are settled into physical futures are treated differently.

But perhaps from a tax point of view, these are still section 1256?

 

Interetsing point.

Could we get some definitive clarification from an enlightened forum member?

 

SPX is a non-equity option. Tax treatment of same is in IRS pub 550 on p 40. Just call your accountant.

 

Im not an accountant but just to clarify this means it is a 1256 contract. Thanks for the link Sonoma

 

yes.

 

How about OEX and RUT? Are they pit or electronically traded?

 

Both

 

What we have been waiting for!


http://www.chicagobusiness.com/arti...-options-on-electronic-platform#axzz1FJL35Pnj