Why XSP Options Are Surging in 2025 | HOOD Summit '25

In this exclusive interview from Robinhood’s HOOD Summit 2025, Vincent Cicco, Senior Director of Derivatives Sales at Cboe Global Markets, breaks down the key differences between index options (SPX, XSP, RUT) and ETF options (like SPY) — from cash settlement to European style exercise and 60/40 tax treatment. Cicco also explains why XSP is the fastest-growing Cboe index option, with contract volume surging past 100,000 per day, thanks to expanded access from Robinhood and other brokers. He shares how improved market quality, tighter spreads, and growing product awareness are fueling demand — both in the U.S. and internationally. ___________________________________________________________________________ Thank you to Robinhood's HOOD Summit! For more information on this event visit their webpage: https://go.robinhood.com/events Special Guest: Vincent Cicco, Senior Director, Derivatives Sales, Cboe Global Markets https://www.cboe.com/ Hosts: Ian Kar ___________________________________________________________________________ Chapters 00:00 Index vs ETF Options Explained (SPX vs SPY) 01:50 Why XSP Is the Fastest Growing Cboe Product 03:20 Retail & Global Growth in Index Options ___________________________________________________________________________ Check out www.benzinga.com for complete coverage along with all the latest financial news and data! Follow us on socials: Instagram: https://www.instagram.com/benzinga Facebook: https://www.facebook.com/benzinga TikTok: https://www.tiktok.com/@benzinga Twitter: https://www.x.com/benzinga Disclaimer: Trading in financial markets involves significant risk, and there is no guarantee of profit. The information provided by any financial product or service is for educational purposes and should not be considered as financial advice. Before making any investment decisions, it's important to conduct thorough research and consult with a qualified financial advisor. Past performance is not indicative of future results. Always invest what you can afford to lose and be aware of the potential for loss in any investment strategy. #StockMarket #Stocks #Finance #retailinvestors #investors #investing #money #tradingtools #features #new #marketwatch #markettrends #products #exclusive #interview #cboe #benzinga #vix #spx #globalmarketupdates #optionstrading #options #riskmanagement #risk