Cboe, CBSX, & CFE Press Releases



Allows Traders to More Easily "Roll" from One Weekly Expiration to Another

CHICAGO, IL, June 30, 2010 - The Chicago Board Options Exchange (CBOE) today announced that as of Thursday, July 1, all new Weekly options series listed at CBOE will begin trading on Thursdays and expire the following Friday. Prior to this change, new series were listed on Fridays. The additional day will expand market participants' ability to roll trades from one Weekly expiration to the next Weekly expiration.

Weekly options, first introduced by CBOE in 2005, are one-week options that expire at the end of a week unless an options expiration already exists. Except for the expiration date, Weeklys generally have the same contract specifications and offer the same continuous, two-sided quotes as standard options.

Trading volume in Weekly index options at CBOE continues to grow. Average daily volume (ADV) for Weekly index options in May 2010 totaled 55,373 contracts, compared to 17,709 contracts ADV in May 2009 and 6,673 contracts ADV in May 2008. 

Earlier this month, CBOE added new Weekly options on several exchange traded funds (ETFs) and individual equities.  For an up-to-date list of Weeklys offered by CBOE and contract specifications, see www.cboe.com/weeklys.

Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (VIX), the world's barometer for market volatility. Other groundbreaking products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE's Hybrid Trading System incorporates electronic and open-outcry trading, enabling customers to choose their trading method.  CBOE's Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and www.cboe.com, named "Best of the Web" for options information and education.

CBOE is regulated by the Securities and Exchange Commission (SEC), with all trades cleared by the AAA-rated Options Clearing Corporation (OCC).

Press contacts:

Gail Osten                                                                              

(312) 786-7123                                                    


Gary Compton

(312) 786-7612


CBOE®, Chicago Board Options Exchange®, CBOEdirect®, CBOE Volatility Index®, VIX®, FLEX®,, Hybrid®, LEAPS®, CBSX® and CBOE Stock Exchange® are registered trademarks of Chicago Board Options Exchange, Incorporated (CBOE).   SPXSM, BXMSM, The Options InstituteSM and WeeklysSM are service marks of CBOE.  CFE® is a registered trademark and CBOE Futures ExchangeSM is a service mark of CBOE Futures Exchange, LLC.  

This press release contains statements which may be considered forward-looking statements within the meaning of the Securities Exchange Act of 1934, including, without limitation, statements regarding operating strategies, future plans and financial results. Forward-looking statements may be accompanied by words such as "anticipate", "believe", "could", "estimate", "expect", "forecast", "intend", "may", "possible", "predict", "project" or similar words, phrases or expressions. The Company does not undertake any obligation to update the information contained herein, which speaks only as of the date of this press release.  More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 under the heading "Forward-Looking Statements" and/or "Risk Factors". Such discussions regarding risk factors and forward-looking statements are incorporated herein by reference.

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