---
title: "Index Options"
description: "Index Options are a financial derivative that gives the holder the right to buy or sell the value of an underlying Index at the stated exercise price."
canonical: https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options
markdown: https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options.md
language: python
source: https://github.com/QuantConnect/Documentation/tree/master/03%20Writing%20Algorithms/03%20Securities/99%20Asset%20Classes/09%20Index%20Options
modified: 2026-10-28
index: https://www.quantconnect.com/llms.txt
---

# Index Options

[Documentation](https://www.quantconnect.com/docs/v2.md) > [Writing Algorithms](https://www.quantconnect.com/docs/v2/writing-algorithms.md) > Securities > [Asset Classes](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes.md) > Index Options

> Code examples are shown in Python. Append `?lang=csharp` to this URL for the C# version of this page.

Index Options are a financial derivative that gives the holder the right (but not the obligation) to buy or sell the value of an underlying Index, such as the S&P 500 index, at the stated exercise price. No actual assets are bought or sold.

- [Requesting Data](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/requesting-data.md)
- [Handling Data](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/handling-data.md)
- [Greeks and Implied Volatility](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/greeks-and-implied-volatility.md)
- [Market Hours](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/market-hours.md)

### See Also

- [BasicTemplateIndexOptionsAlgorithm.py](https://github.com/QuantConnect/Lean/blob/master/Algorithm.Python/BasicTemplateIndexOptionsAlgorithm.py)
- [BasicTemplateIndexOptionsAlgorithm.cs](https://github.com/QuantConnect/Lean/blob/master/Algorithm.CSharp/BasicTemplateIndexOptionsAlgorithm.cs)

## Pages in This Section

- [Requesting Data](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/requesting-data.md)
- [Handling Data](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/handling-data.md): LEAN passes the data you request to the OnData method so you can make trading decisions. The Slice object groups the data together with a timestamp.
- [Greeks and Implied Volatility](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/greeks-and-implied-volatility.md)
- [Market Hours](https://www.quantconnect.com/docs/v2/writing-algorithms/securities/asset-classes/index-options/market-hours.md): This page shows the trading hours, holidays, and time zone of the US Index Option market.