Cboe Global Markets (CBOE) Protective Put Calculator
Calculator · free · no signup · CBOEPrice a protective put, zero-cost collar, or put spread on Cboe Global Markets. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CBOE option chain.
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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
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About Cboe Global Markets
Cboe Global Markets (CBOE) is a public Fintech company, incorporated in Delaware and headquartered in Chicago, IL.
Last close: $290.99 per share (as of 2026-08-18).
Equity grants at Cboe Global Markets typically include restricted stock units (RSUs).
Cboe Global Markets, Inc. is an American financial exchange operator. In the U.S., it owns the largest exchange for trading in options, where it has a 30% market share, and the third-largest exchange for trading in equities, where it has a 10% market share. It operates the largest stock exchange in Europe, where it has a 25% market share. It is headquartered in Chicago, where it maintains an open outcry trading floor.
Source: Wikipedia (CC BY-SA 4.0)
The Chicago Board Options Exchange opened in 1973 as the first marketplace for listed options and still owns the proprietary index products built on that history, principally options on the S&P 500 and the VIX volatility index. Exclusive licensing on those indices means the trading cannot migrate to a competing venue, which is a materially better position than the fee competition in equities. Volatility is good for volume, so revenue rises when markets are unsettled. Market data and access fees supplement transaction revenue. Headquarters are in Chicago.
Sources: sec.gov · en.wikipedia.org
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Cboe Global Markets.
A protective put caps your downside on the CBOE position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CBOE option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share CBOE position at $290.99 is worth $1,454,950. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $29,099 to $58,198) before any premium offset from a short call. The calculator prices both structures off CBOE's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Cboe Global Markets tools → · Use the generic Protect Your Stock Calculator for any company.
Cboe Global Markets equity questions
- How much does it cost to hedge CBOE stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CBOE's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CBOE option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Cboe Global Markets grant ISOs, NSOs, or RSUs?
- Equity compensation at Cboe Global Markets typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
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