The NASDAQ OMX Alpha Indexes offer a unique way to invest in an asset regardless of overall market swings. Each index measures the return of a single stock or Exchange Traded Fund (the "Target Component") relative to the return of a leading ETF (the "Benchmark Component"), representing the overall stock market. Exchange-traded index options allow you to trade your expectations of a company or ETF�s performance, for example Apple (AAPL) versus the SPDR S&P 500 (SPY) as depicted with the AVSPY index.

Follow the links below to view the options chain for each Alpha Index Option. Also, refer to the interactive index comparison charts and index history in the table below. For more information about Alpha Index Options and other Alpha Indexes, visit

NASDAQ OMX Alpha Pair Symbol Index Options Index
AAPL vs. SPY Index AVSPY Option Chain
IBM vs. SPY Index IBMSY Option Chain
INTC vs. SPY Index INTSY Option Chain
GE vs. SPY Index GESPY Option Chain
MRK vs. SPY Index MRKSY Option Chain
GOOG vs. SPY Index GOOSY Option Chain
WMT vs. SPY Index WMTSY Option Chain


NASDAQ OMX and NASDAQ OMX Alpha Index are trademarks of The NASDAQ OMX Group, Inc. The NASDAQ OMX Group, Inc. has patents pending in the U.S. and abroad for the Alpha Index Options ("Alpha Options"). Options involve risk and are not suitable for everyone. Past performance is not indicative of future results. An investor should review transaction costs, margin requirements and tax considerations with a broker and tax advisor before entering into any options strategy. Prior to buying or selling an option, a person must receive and review a copy of Characteristics and Risks of Standardized Options published by The Options Clearing Corporation. Copies may be obtained from your broker; one of the exchanges; The Options Clearing Corporation at One North Wacker Drive, Suite 500, Chicago, IL 60606; by calling 1-888-OPTIONS; or by visiting Any strategies discussed, including examples using actual securities and price data, are strictly for illustrative and education purposes and are not to be construed as an endorsement, recommendation or solicitation to buy or sell securities. Examples do not take into consideration commissions and other transaction fees, tax considerations, or margin requirements, which are factors that may significantly affect the economic consequences of a given strategy.