FOR IMMEDIATE RELEASE
CBOE VOLATILITY INDEX (VIX) OPTIONS MAKE SUCCESSFUL DEBUT; Nearly 10,000 Contracts Trade On First Day
CHICAGO, February 27, 2006
- The Chicago Board Options Exchange (CBOE) announced that volume for the first day of trading of options on the CBOE Volatility Index, "VIX" (options ticker symbol VIX), on Friday, February 24, 2006, totaled 9,423 contracts (4,328 calls and 5,095 puts).
VIX is the widely disseminated benchmark index commonly referred to as the market's "fear gauge," and for the first time, investors now have the opportunity to trade options on this premier measure of market volatility and investor sentiment. The VIX price is calculated and disseminated by the CBOE throughout the trading day. VIX futures (futures ticker symbol VX) have been available on the all-electronic CBOE Futures Exchange (CFE) since 2004.
"We are thrilled with Friday's launch of options on VIX. Volume of almost 10,000 contracts on the first day trading is an endorsement of the strong investor interest in this product," commented William Brodsky, CBOE Chairman and Chief Executive Officer. "The VIX has been an industry benchmark for over a decade and, by creating an opportunity for investors to trade the indicator of market volatility, CBOE has achieved yet another industry milestone."
CBOE has created a new section of its award-winning website, offering education on VIX trading strategies, historical price data on the VIX going back to 1986, charts, answers to frequently-asked questions, and a free options toolbox, at: http://www.cboe.com/VIXOptions.
CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, visit the CBOE website at: http://www.cboe.com/
CBOE®, VIX®, CBOE Volatility Index®, and Chicago Board Options Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated. SPX(SM) is a service mark of Chicago Board Options Exchange, Incorporated. S&P® and S&P 500® are registered trademarks of the McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated pursuant to a License Agreement. CFE(SM) is a service mark of CBOE Futures Exchange, LLC.