Close Navigation
Learn more about IBKR accounts

Trading Overnight Cboe Options on TWS

Lesson 5 of 5

Duration 2:31
Level Beginner

To watch this video you must accept functional cookies.

Cboe Options Exchange offers extended global trading hours for index options in S&P 500 Index (SPX), Cboe Volatility Index (VIX), and Mini SPX Index (XSP) from 8:15 pm ET to 9:15 am ET Monday through Friday.

Interactive Brokers’ clients have access to the Cboe extended trading hours and are able to trade these selective products after-hours as long as they have Future Options trading permissions.

In this video the investor will enter a VIX Index option order after the regular trading day has ended, to be placed during Cboe’s extended global hours.  The investor can enter the order directly into the Order Entry panel by typing the symbol, choosing “Options” from the drop-down chain, and picking a contract from the option chain or by clicking on a symbol displayed in a Watchlist.  In this case the investor has set up a Watchlist with several option contracts from the Cboe that are available for overnight trading. The investor can use the Interactive Brokers Smart routing feature for these orders and does not need to specify Cboe as a destination.

Once the symbol is entered the investor chooses either the buy or sell button in the lower left hand of the Order Entry Panel. Enter the quantity and for order type, they will enter a value for the limit price. In the Time in Force drop-down the investor selects “Fill outside RTH”.  A yellow triangle with an exclamation point will appear in the Time –in Force drop down. Hover over it to see available hours when the order may be filled. When ready click Submit, and an order confirmation box will appear showing that Outside Regular Trading Hours has been selected. When ready click Transmit, and the order will populate the Activity panel.

Submitting SMART routed index option orders using the Cboe’s suite of equity index and volatility products is a convenient way for clients to manage risk outside of routine trading hours. 

Resources: 

Overnight Trading

Join The Conversation

For specific platform feedback and suggestions, please submit it directly to our team using these instructions.

If you have an account-specific question or concern, please reach out to Client Services.

We encourage you to look through our FAQs before posting. Your question may already be covered!

11 thoughts on “Trading Overnight Cboe Options on TWS”

  • Frank

    I just bought a CALL586024OCT21 at 2AM ET time this Monday; how is that possible?

    • Interactive Brokers

      Hi Frank, thank you for reaching out. If you have a time-sensitive trading question, we recommend contacting Client Services: http://spr.ly/IBKR_ClientServicesCampus

  • Fred Car

    Can I trade a combo trade to open during night session? or just outside regular sessions? Or am I allowed only to close complex posiitions on the spx?

    • Interactive Brokers

      Thank you for reaching out. Yes, Cboe Options Exchange offers extended global trading hours for index options in S&P 500 Index (SPX), Cboe Volatility Index (VIX), and Mini SPX Index (XSP) from 8:15 pm ET to 9:15 am ET Monday through Friday. We hope this answers your question!

  • Garrett

    Does this work when market opens Sunday too?

    • Interactive Brokers

      Hello, thank you for contacting us. Can you please clarify your question?

  • Nathan

    Sunday night and Monday morning premarket are not available?

    • Interactive Brokers

      Hello Nathan, thank you for reaching out. If you are experiencing a time-sensitive trading issue, please contact Client Services via phone: http://spr.ly/IBKR_ClientServicesCampus

  • Tim

    How do you get live data for overnight session?

    • Interactive Brokers

      Hello Tim, thank you for reaching out. Market data is provided free of charge during the US overnight trading session. Please review this FAQ for more information: https://www.interactivebrokers.com/faq?id=377201154

      We hope this helps!

  • William G McKnight

    Excited to start overnight XSP option trading, but market data (both the index and the option chain) appear to be stuck at close. I even added the Cboe live data package, do not sure what I am doing wrong. Any ideas?

Leave a Reply

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Order Types / TWS

The order types available through Interactive Brokers LLC's Trader Workstation are designed to help you limit your loss and/or lock in a profit. Market conditions and other factors may affect execution. In general, orders guarantee a fill or guarantee a price, but not both. In extreme market conditions, an order may either be executed at a different price than anticipated or may not be filled in the marketplace.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by going to the following link ibkr.com/occ. Multiple leg strategies, including spreads, will incur multiple transaction costs.

Disclosure: Futures Trading

Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Before trading futures, please read the CFTC Risk Disclosure. A copy and additional information are available at ibkr.com.

Disclosure: Displaying Symbols on Video

Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.