2024-16108. Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Fees Schedule

Width

Moneyness	Expiring option	1 day	2 days to 5 days	6 days to 14 days	15 days to 35 days
VIX Value at Prior Close ≤30
[>3% ITM)	$0.20	$0.25	$0.30	$0.40	$0.75
[3% ITM to 2% ITM)	0.10	0.13	0.20	0.25	0.50
[2% ITM to 0.25% ITM)	0.08	0.10	0.13	0.16	0.25
[0.25% ITM to ATM)	0.05	0.06	0.08	0.10	0.15
[ATM to 1% OTM)	0.03	0.04	0.05	0.06	0.10
[>1% OTM]	0.02	0.03	0.04	0.05	0.06
VIX Value at Prior Close >30
[>3% ITM)	0.30	0.40	0.50	0.60	1.00
[3% ITM to 2% ITM)	0.15	0.20	0.25	0.30	0.75
[2% ITM to 0.25% ITM)	0.12	0.15	0.19	0.23	0.40
[0.25% ITM to ATM)	0.08	0.09	0.12	0.15	0.20
[ATM to 1% OTM)	0.05	0.06	0.07	0.09	0.10
[>1% OTM]	0.03	0.04	0.05	0.06	0.07

Moneyness	Size (0 to 35 days to expiry)
[>3% ITM)	5
[3% ITM to 2% ITM)	5
[2% ITM to 0.25% ITM)	10
[0.25% ITM to ATM)	20
[ATM to 1% OTM)	20
[>1% OTM]	20

The Exchange proposes to adopt a new set of heightened quoting standards for the Program. The heightened quoting standards proposed for XSP options are as follows in the table below:

Width

Moneyness	Expiring option	1 day	2 days to 5 days	6 days to 14 days	15 days to 35 days
VIX Value at Prior Close ≤30
[>3% ITM)	$0.30	$0.30	$0.30	$0.50	$0.75
[3% ITM to 2% ITM)	0.20	0.20	0.20	0.30	0.50
[2% ITM to 0.25% ITM)	0.12	0.12	0.15	0.20	0.30
[0.25% ITM to ATM)	0.06	0.08	0.08	0.12	0.18
[ATM to 1% OTM)	0.03	0.04	0.05	0.06	0.10
[>1% OTM]	0.02	0.03	0.04	0.05	0.06
VIX Value at Prior Close >30
[>3% ITM)	0.40	0.50	0.60	0.60	1.00
[3% ITM to 2% ITM)	0.25	0.30	0.30	0.35	0.80
[2% ITM to 0.25% ITM)	0.18	0.20	0.25	0.30	0.50
[0.25% ITM to ATM)	0.10	0.12	0.15	0.15	0.25
[ATM to 1% OTM)	0.05	0.06	0.07	0.09	0.10
[>1% OTM]	0.03	0.04	0.05	0.06	0.07

Moneyness	Size (0 to 35 days to expiry)
[>3% ITM)	5
[3% ITM to 2% ITM)	5
[2% ITM to 0.25% ITM)	10
[0.25% ITM to ATM)	20
[ATM to 1% OTM)	20
[>1% OTM]	20