• Mar 26, 2019, 10:00 AM

    Women’s History Month at Cboe

    Women’s History Month at Cboe

    We’re celebrating Women’s History Month throughout March. Check back regularly as we add new profiles, quotes and more, or follow along on your favorite social media channel with #CboeWomen. Her Story: In Focus Click the box to read about some of the women (and men!) that make Cboe great.  Bea Ringold                                      Roma Colwell-Steinke [...]

  • Mar 26, 2019, 9:53 AM

    Her Story: Jill Griebenow

    Her Story: Jill Griebenow

    Jill’s global career has helped her through difficult decisions and formed her into the leader she is today. Born and raised in Iowa, after graduating undergrad, Jill moved to Kansas City to begin her career working for an accounting firm. Ten years later, in search of a change-of-pace, she found herself at Bats, prior to Cboe’s acquisition.   “I initially joined the firm to lead the financial reporting effort, as the company was preparing for its initial public offering,”[...]

  • Mar 26, 2019, 9:44 AM

    Her Story: Laura Morrison

    Her Story: Laura Morrison

    As SVP, Global Head of Listings, Laura oversees the global listings business and ETF.com, developing strategy, working with issuers to list their products and overseeing market quality incentive programs. Prior to joining Cboe, Laura spent 20 years in leadership roles at the NYSE. What was it like to work on the NYSE floor? Walking onto the floor each morning was a tremendous honor and a defining moment in my career. Surviving on the trading floor was invigorating, challenging and inspiring. It[...]

  • Mar 26, 2019, 9:43 AM

    Her Story: Eileen Smith

    Her Story: Eileen Smith

    Though she’s spent her entire working life at Cboe, Eileen has never shied away from new experiences, pursuing leadership roles in technology, a space historically occupied by men.  Eileen began her Cboe career in 1985 as an intern heading into her final year of college. Among other assignments, she was tasked with printing and organizing instructional materials for some of the very first Options Institute classes.   “It was a completely hands-on experience,” she says.[...]

  • Mar 21, 2019, 1:14 PM

    Her Story: Arianne Criqui

    Her Story: Arianne Criqui

    For Arianne Criqui, being passionate about work has plenty of benefits outside of the office, too Arianne Criqui, SVP, Head of Options and Global Client Services at Cboe, wanted a career that would harness the competitive spirit she developed on the swim team at Penn State. “I needed to do something with all that energy,” she says, and that led her to finance. After college, Arianne started her career in investment banking at Merrill Lynch but soon realized it wasn’t for her. After[...]

  • Mar 19, 2019, 9:10 AM

    Her Story: Lisa Shemie

    Her Story: Lisa Shemie

    Lisa encourages women to write their own rules and resist asking for permission Lisa Shemie never envisioned a career in law. “I was not one of those people who dreamed of being a lawyer,” she says. Instead, while trying to figure out her next step after college, her dad reminded her of how great she was at arguing with him and suggested considering law as a profession. Without a tremendous amount of forethought, she decided to apply to law school, and the rest is history.  Today,[...]

  • Mar 12, 2019, 7:45 AM

    Her Story: Roma Colwell-Steinke

    Her Story: Roma Colwell-Steinke

    As an educator in Cboe’s Options Institute, Roma is passionate about helping young professionals find their place in the finance industry Roma Colwell-Steinke spent the earlier part of her career as a market maker for Group One on the Pacific Stock Exchange in San Francisco before an earthquake rendered it temporarily unusable in 1989. She and other PSE market makers then came to Chicago to trade on the Cboe floor until the PSE floor reopened.  “I looked down at the floor and there[...]

  • Mar 5, 2019, 1:50 PM

    Inside Volatility Trading: March 5, 2019

    Inside Volatility Trading: March 5, 2019

    Flattening of VIX Futures Term Structure The Cboe Volatility Index® (“VIX”) futures term structure flattened at the end of February due to some sizeable spread trades. These trades appear to be positioned to benefit from a shift in the term structure curve from contango (upward sloping) to backwardation (downward sloping), which tends to happen when there is a volatility spike. VOLATILITY NEWS Schaeffer's Investment Research: Rare VIX Signal Points to Spring Volatility Spike [...]

  • Mar 5, 2019, 9:00 AM

    Her Story: Bea Ringold

    Her Story: Bea Ringold

    From the trading floor to corporate, Bea’s seen it all in her 38 years at Cboe Bea Ringold got her start at Cboe as a price reporter in 1981, much to the surprise of friends and family. “People would see traders and trading floors on the news and say, ‘You work there?! You actually do that?!’ It was a big thing back in the day. The floor was so crowded we hardly had elbow room,” Bea says. Packed in with the floor’s many characters, Bea soon rose through the ranks,[...]

  • Feb 8, 2019, 12:03 PM

    Key Highlights for 11 Select Sectors

    Key Highlights for 11 Select Sectors

    Over the next week, Cboe will roll out options on 11 Select Sector indices. Cboe’s Select Sector Index options are designed to provide investors with an easy way to add specific U.S. industry sector exposure to their portfolios and are expected to have particular utility for investors seeking an alternative to options on ETFs.  The Select Sectors use the GICS® (Global Industry Classification Standard) to categorize each company within the S&P 500 Index into one of 11 sectors.[...]

  • Feb 7, 2019, 11:19 AM

    What You Need to Know About Cboe’s New Options on Select Sectors

    What You Need to Know About Cboe’s New Options on Select Sectors

    Today, Cboe Global Markets announced the rollout schedule of new large-sized, cash-settled options on 11 Select Sector Indexes from February 7 through 14. The first options on the Materials Select Sector Index launched today. There are several key features of the options that users may find appealing, including: Efficient Exposure to U.S. Industry Sectors: With special appeal for investors seeking an alternative to ETF options, including European customers constrained by certain European regulations [...]

  • Jan 17, 2019, 4:32 PM

    Key Cboe Benchmark Indexes Using SPX Options Offer Strong Risk-Adjusted Returns

    Key Cboe Benchmark Indexes Using SPX Options Offer Strong Risk-Adjusted Returns

    Following a decline in the S&P 500® Index of 6.9% in October and a drop of 9.2% in December, more investors appear to be exploring income-producing strategies that have the potential for relatively strong risk-adjusted returns amid increased market volatility. To help investors with that process, Cboe offers 10 benchmark indexes designed to measure the hypothetical returns of strategies that use S&P 500 (SPX(SM)) options, with daily data histories beginning in mid-1986. HIGHER OPTIONS[...]

  • Jan 9, 2019, 5:04 PM

    Record-breaking Month and Year for Cboe’s Stock Index Options

    Record-breaking Month and Year for Cboe’s Stock Index Options

    Since 1983, Cboe has offered stock index options. In 2018, several new all-time records for volume and open interest were reported as investors faced heightened volatility. Index options have the potential to generate more income for options sellers who receive options premiums, help manage exposure and protect a portfolio from damaging huge drawdowns. RECORD VOLUME AND OPEN INTEREST FOR CBOE’S S&P 500 OPTIONS In 2018, the average daily volume (ADV) for S&P 500® options (SPXTM and[...]

  • Dec 28, 2018, 3:43 PM

    A “January Effect” RUT Weekly (RUTW) Option Overlay Strategy

    A “January Effect” RUT Weekly (RUTW) Option Overlay Strategy

    Stock market gyrations this December have been attributed to the dominance of systematic trading driven by algorithms. While electronic trading may cause dramatic price swings in the market, there’s a meaningful behavioral element as well. Investors and traders are faced with sudden potential losses in their equity positions and a need to assess risk tolerances going into 2019. The “January effect”? The “January effect” hypothesizes a price increase in securities during[...]

  • Dec 26, 2018, 2:25 PM

    Cboe’s All-Options Put/Call Ratio Hits 1.82, Its Highest Level in More Than 23 Years

    Cboe’s All-Options Put/Call Ratio Hits 1.82, Its Highest Level in More Than 23 Years

    On December 20, Cboe’s daily Put-Call Ratio for its entire options volume rose to 1.82, reaching its highest level in more than 23 years. Analysts and investors often follow and cite put/call ratios in conjunction with attempts to gain insights on possible changes in investors’ bullish or bearish sentiments. Recent news stories in Barron’s and in Bloomberg have highlighted comments on the possible impact of high put/call ratios. DATES WITH HIGH AND LOW PUT/CALL RATIOS The table[...]