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    Option to Outperform

    Nasdaq-100® Index Options

    More options to invest in innovation, to capitalize on opportunities and to outperform benchmarks. Discover how to leverage Nasdaq-100 Index Options to mitigate risk, generate income and maximize exposure to some of today’s most innovative companies.

    The Nasdaq-100 Index

    Capitalize on the performance of the world’s most innovative companies

    Home to some of the most innovative companies in the world, the Nasdaq-100 Index (NDX) features modern-day industrials. It is made up of 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market based on market capitalization.

    Investing in the NDX allows investors to gain exposure to leading businesses that drive the economy across a broad swath of industries including technology, health care, and consumer staples. Diversity is critical to the index’s outstanding success over the past two decades, with a total return of nearly 985% from 2007 to 2024—over 3.5 times that of the S&P 500.

    Why Options?

    Tracking the NDX through Nasdaq-100 Index Options (NDX) offers investors the opportunity to capitalize on the performance of these innovative companies. Whether to protect a portfolio against a market correction, hedge risks, or generate yield enhancement, NDX Index Options give both retail and institutional investors the ability to stay invested in equities, while reducing downside risk. Think of options as buying an insurance policy with a one-time premium payment. 

    Nasdaq 100

    Performance Matters

    Nasdaq-100 vs. S&P

    Indexes Chart

    Investing with Index Options

    NDX

    Nasdaq-100® Index Options

    The underlying value of NDX is equal to the full value of the Nasdaq-100 Index (NDX). NDX index options offer both monthly AM settlement and weekly PM settlement to fit various investor needs.

    NQX

    Nasdaq-100® Reduced-Value Index Options

    NQX is based on 1/5th (20%) the full value of the Nasdaq-100 Index (NDX). NQX index options offer monthly and weekly PM settlement, providing investors lower notional exposure while tracking the NDX.

    XND

    Nasdaq-100® Micro Index Options

    XND is based on 1/100th (1%) the full value of the Nasdaq-100 Index (NDX). XND index options offer monthly and weekly PM settlement, providing a manageable way to hedge or gain NDX exposure.

    Nasdaq-100 Index Options | XND, NDX, NQX, VOLQ
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    Options Architect

    Select a historic market moment to test out Nasdaq-100 Index Options Strategies

    Select an Amount:
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    Pick a Date Range:

    Amount:

    Market Moments:

    Test Custom Dates:

    Investment Style:

    • bearish
    • Neutral
    • bullish

    Strategy Feature:

    Available Products:

    XND i XND: Nasdaq 100 micro index options product. XND is based on 1/100th (1%) the full value of the Nasdaq-100 index. The smaller notional value of the micro contract is designed to provide investors with a more precise and manageable way to hedge or gain exposure to the Nasdaq-100 index. XND options offer monthly and weekly PM settlement. NQX i NQX: Reduced value index options product. NQX is based on 1/5th (20%) the full value of the Nasdaq-100 index, offering investors lower notional exposure while tracking the Nasdaq-100. NQX options offer monthly and weekly PM settlement. NDX i NDX: Nasdaq’s flagship index options product. The underlying value is equal to the full value of the Nasdaq-100 index. NDX options offer monthly AM settlement and weekly PM settlement to fit various investor needs.
    Select from the below to test out different options strategies.
    * Data provided by

    For the sake of simplicity, the examples that follow 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. An investor should review transaction costs, margin requirements and tax considerations with a broker and tax advisor before entering into any options strategy.

    Options involve risk and are not suitable for everyone. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies may be obtained from your broker, one of the exchanges or The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, IL 60606 or call 1-888-OPTIONS or visit www.888options.com.

    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.

    Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. © 2021. Nasdaq, Inc. All Rights Reserved.

    Your Selections

    Initial Investment

    Investment Style:

    • bearish
    • Neutral
    • bullish

    Strategy Feature:

    Available Products:

    XND i XND: Nasdaq 100 micro index options product. XND is based on 1/100th (1%) the full value of the Nasdaq-100 index. The smaller notional value of the micro contract is designed to provide investors with a more precise and manageable way to hedge or gain exposure to the Nasdaq-100 index. XND options offer monthly and weekly PM settlement. NQX i NQX: Reduced value index options product. NQX is based on 1/5th (20%) the full value of the Nasdaq-100 index, offering investors lower notional exposure while tracking the Nasdaq-100. NQX options offer monthly and weekly PM settlement. NDX i NDX: Nasdaq’s flagship index options product. The underlying value is equal to the full value of the Nasdaq-100 index. NDX options offer monthly AM settlement and weekly PM settlement to fit various investor needs.
    YOUR RETURN:

    Cumulative Total Return Performance
      *This chart shows the return on a $2,500 investment, assuming an investment date of 7/1/20. * Data provided by

      For the sake of simplicity, the examples that follow 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. An investor should review transaction costs, margin requirements and tax considerations with a broker and tax advisor before entering into any options strategy.

      Options involve risk and are not suitable for everyone. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options. Copies may be obtained from your broker, one of the exchanges or The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, IL 60606 or call 1-888-OPTIONS or visit www.888options.com.

      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.

      Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED. © 2021. Nasdaq, Inc. All Rights Reserved.

      * Data provided by

      Benefits of Nasdaq-100 Index Options

      More Options to Invest

        Nasdaq-100 Index Options Nasdaq-100 PM Settled Index Options Reduced Value Nasdaq-100 Index Options Micro Nasdaq-100 Index Options Invesco Nasdaq-100 ETF
      Options Chain NDX NDX NQX XND QQQ
      Root Ticker Symbol NDX NDXP NQX XND QQQ
      AM or PM Settlement AM-settled PM-settled PM-settled PM-settled PM-settled
      Approximate Notional Size $1,527,300 $1,527,300 $305,500 $15,300 $37,200
      Exercise Style European European European European American
      Settlement Type Cash Cash Cash Cash Physical Shares of ETF

      OptionsPlay Optimized Index Options Strategies

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