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Cboe Global Markets launched futures and options on the new Cboe Magnificent 10 Index (MGTN) on December 8, 2025.
This cash-settled product offers traders a single instrument to gain exposure to 10 of the most influential U.S. technology and growth stocks, expanding beyond the traditional 'Magnificent 7' to include AMD, Broadcom, and Palantir.
Key Product Details:
Index ticker: MGTN (launched October 14, 2025)
Equal-weighted index of 10 large-cap tech/growth stocks
Expands 'Mag 7' to include AMD, Broadcom, and Palantir
Cash-settled - no physical delivery or assignment risk
$100 multiplier (~$46,000 notional at index level 460)
Futures trade on CFE nearly 24 hours/day, 5 days/week
Options trade on Cboe Options Exchange (C1)
AM-settled (MGTN) and PM-settled (MGTNW) options available
Cleared by The Options Clearing Corporation (OCC)
From Cboe:
What This Means for Traders:
This is a significant product launch for futures traders interested in tech sector exposure. The equal-weighted design differentiates MGTN from market-cap weighted alternatives like NQ, reducing concentration in the largest names. Cash settlement eliminates operational complexity.
At approximately $46K notional per contract, sizing is accessible for retail traders while still meaningful for institutions. The expansion from 'Mag 7' to 'Mag 10' captures the semiconductor supply chain (AMD, Broadcom) and AI infrastructure play (Palantir).
Early adopters should monitor liquidity development and bid-ask spreads as the product establishes itself. Creates potential spread trading opportunities against NQ and ES contracts.
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