What are index option fees?

The Index Option Fees are fees associated with Index Option products provided by the Chicago Board Options Exchange (Cboe) and are subject to change without notice. A copy of the Cboe Options Exchange Fee Schedule can be found on www.cboe.com.

Effective June 1, 2022, Firstrade will begin passing through index option fees, it will be labeled as “Process Fee” on the trade confirmation. Please see details below:

Underlying Symbol Description Premium Fee per Contract
SPX S&P 500 <$1 $0.57
>=$1 $0.66
SPXW S&P 500 <$1 $0.50
>=$1 $0.59
VIX and VIXW (single-leg order) Cboe Market Volatility Index <=$0.10 $0.10
$0.11-$0.99 $0.25
$1-$1.99 $0.40
$2+ $0.45
VIX and VIXW (multi-leg order) Cboe Market Volatility Index <=$0.10 $0.05
$0.11-$0.99 $0.17
$1-$1.99 $0.30
$2+ $0.45
XSP Mini-SPX Index more than 10 contracts $0.04
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