Index Options Trading

Trade a variety of index options to diversify your investment portfolio.

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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 and mini 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.
Tradable index options and fee structure

Webull passes through proprietary index option fees to clients on a per contract basis. Certain exchanges charge a proprietary index option fee on select index options that only trade on their exchange. Webull charges an index option contract fee on a per contract basis for select index options. Please see the rates below.

* Relevant regulatory and exchange fees may apply. Please refer to our
Fee Schedule
for more details.
For simple VIX, a priority surcharge is assessed on contracts executed electronically that are Maker and not Market Turner by $0.20 more.
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.​

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Access your account anywhere via mobile or tablet version - reimagined mobile trading experience.

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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?​
An index option is a contract that gives the holder the right to buy or sell the value of the underlying index at the specified strike price. Since index options are cash-settled, there is no transfer of any equity. Instead, there is a cash settlement given out to the holder based on the difference between the exercise settlement value and the strike price.
Q: Why trade index options?​
Q: How to place an index option trade on Webull