Cboe Global Markets just posted the kind of numbers that make exchange executives forget about their golf game. The company’s four US options exchanges averaged 22 million contracts per day in May 2026, setting a new all-time monthly record for the exchange operator.
To put that in perspective, the previous monthly high was 18.8 million ADV back in March 2025. That’s a roughly 17% jump in just over a year.
What’s driving the numbers
The biggest contributor was multi-listed options, which hit an ADV of 16 million contracts on their own. That figure alone would have been a record for Cboe.
Index options, meanwhile, clocked in at 6 million contracts ADV. That’s the third-best monthly figure Cboe has ever recorded.
