marty-kearney

Marty Kearney

Mr. Kearney began his long association with the Cboe when he became an independent Market Maker in early 1981. Mr. Kearney traded options full time on the trading floor until 1992 and periodically thereafter until 1996. In early 1992 he became a founding partner and Registered Options Principal of a brokerage firm based in Chicago, a member firm of the Cboe. Mr. Kearney’s responsibilities included development and implementation of hedging and trading strategies using listed options for their institutional clients as well as their retail investors. Mr. Kearney is the co-author of Understanding LEAPS®, published by McGraw-Hill, September 2002. He has been a regular contributor to many news services including Reuters, Derivatives Week, BARRON’S, CNBC, Bloomberg, Group W, The CBS Radio Network, FORTUNE, Ticker Magazine, Stock Futures and Options, BBC TV and Radio, NPR, and others. Mr. Kearney served on various committees at the Cboe, including the Arbitration Committee from 1984 to 1996. Prior to joining the Cboe Mr. Kearney was a marketing director for NCR Corporation. Mr. Kearney is a graduate of St. Mary’s University (MN), BS, 1971, and pursued his MBA at Lake Forest Graduate School of Management. In 2006 he completed a 3-year SII/SIA program at the Wharton School of the University of Pennsylvania.

  • Education | Jan 30, 2015, 11:00 AM

    Day Three Agenda: CBOE Risk Management Conference March 6th

    Day Three Agenda: CBOE Risk Management Conference March 6th

    Day Three of the 31st Annual CBOE Risk Management Conference (RMC) on March 6th at the Hyatt Aviara in Carlsbad, California, has a terrific lineup scheduled.  RMC is well known as the premier educational forum for option professionals looking to enhance their knowledge on using equity derivatives and volatility products to manage risk.  This three-day conference 20-minutes North of San Diego should be very worthwhile.  The agenda with a list of topics and speakers for Sessions One[...]

  • VIX | Trader Talk | Education | Trade Ideas | Jan 29, 2015, 10:00 AM

    Day Two Agenda: CBOE Risk Management Conference March 5th

    Day Two Agenda: CBOE Risk Management Conference March 5th

    As you know, CBOE’s 31st Annual Risk Management Conference (RMC) will be held March 4 – 6, 2015 at the Park Hyatt Aviara in Carlsbad, California, 25 miles North of San Diego.  RMC is the premiere financial industry conference designed for institutional users of equity derivatives and volatility products. RMC's agenda covers a variety of concepts, including how to employ  hedging techniques for portfolios, utilizizing equity derivatives, and modeling and trading volatility. Topics[...]

  • Market News | Education | Jan 27, 2015, 4:45 PM

    Day One Agenda: CBOE Risk Management Conference, March 4th

    Day One Agenda: CBOE Risk Management Conference, March 4th

    CBOE's 31st Annual Risk Management Conference (RMC) will be held March 4 - 6, 2015 at the Park Hyatt Aviara in Carlsbad, California.  RMC is the premiere financial industry conference designed for institutional users of equity derivatives and volatility products.  If you're a financial professional interested in learning the latest risk management techniques and how to trade and hedge volatility, CBOE's Risk Management Conference is an event you won't want to miss. The Park Hyatt Aviara[...]

  • Market News | VIX | Education | Futures | Jan 20, 2015, 1:00 PM

    VIX January Settlement Reminder: Wednesday 1.21.15

    VIX January Settlement Reminder: Wednesday 1.21.15

    Settlement Reminder: Today, Tuesday January 20th is the last trading day for January in the following: VIX, RVX, VXN, GVZ, OVX, VXEEM, VXEWZ, and VXTYN futures and options. These contracts settle tomorrow, Wednesday morning, January 21st. We will post the settlement values when they are released tomorrow morning.

  • Trader Talk | Education | Jan 14, 2015, 3:45 PM

    Martin Luther King Jr. Trading Schedule

    Martin Luther King Jr. Trading Schedule

    It seems as if we just got back to a full work schedule, and we have a long weekend coming up. This Friday, Jan. 16th is Expiration Friday with regular trading hours for all products at CBOE, C2 and CFE.   On Monday January 19th, CBOE and C2 are closed for business, so there will be no Stock, ETF or Index option trading on that date.  Regular trading will resume Tuesday morning. On Sunday evening Jan. 18th,  CFE opens its extended trading session at 5:00pm CST for VIX (VX) and[...]

  • Market News | Blogging Options | Dec 30, 2014, 8:10 AM

    Blogging Options: COE Morning Update 12.30.14

    Blogging Options: COE Morning Update 12.30.14

    Quiet overnight - Asia and Europe off ~1% -  as traders watch Greece and Brent Crude. 10-Year at 2.17%, 30-Year at 2.74%. Little economic news to push stocks today. TSLA off on light volume as China expected to extend tax credits on battery powered vehicles for an additional 4 years.  Full trading schedule tomorrow, New Years Eve.  Volatility as an asset class Option implied volatility stays elevated for oil ETF’s as WTI Crude Oil trades at five-and-half year lows on oversupply Energy[...]

  • Market News | VIX | Futures | Dec 22, 2014, 6:00 PM

    Christmas Holiday Trading Hours for CBOE, C2 & CFE

    Christmas Holiday Trading Hours for CBOE, C2 & CFE

    This Thursday is Christmas Day, an exchange holiday.  There will be no trading at CBOE, C2 and the CFE. Wednesday December 24th is a shortened trading schedule.  On CBOE and C2, options on stocks (equities), Indexes and ETF’s that normally cease trading at 3:00pm Central time will close at 12:00pm noon.  ETF’s and Indexes that normally close at 3:15 CT will close at 12:15pm. CBOE and C2 will have regular trading hours in all products Friday December 26th. CFE has[...]

  • Market News | Blogging Options | Trader Talk | Dec 22, 2014, 8:09 AM

    Blogging Options: CBOE Morning Update 12.22.14

    Blogging Options: CBOE Morning Update 12.22.14

    Overseas shares higher, US Dollar up against Euro.  GILD off sharply ($12) as AbbVie gets exclusive on a drug.  Lighter volume on Christmas holiday week begins.  Volatility as an asset class The 'Majors' option implied volatilities has spiked as WTI Crude Oil futures trades $57 Exxon Mobil (XOM) overall option implied volatility of 18 compares to its 26-week average of 18. BP (BP) overall option implied volatility of 26 compares to its 26-week average of 18. ConocoPhillips (COP) overall[...]

  • VIX | Trader Talk | Education | Futures | Dec 16, 2014, 10:00 AM

    VIX December Settlement Reminder: Wednesday 12.17

    VIX December Settlement Reminder: Wednesday 12.17

    Settlement Reminder: Today, Tuesday December 16th is the last trading day for December in the following: VX, VM, VXEM, OV, VN, VXEW, VXST and GV futures and options. These contracts settle tomorrow, Wednesday morning, December 17th. We will post the settlement values when they are released tomorrow morning.

  • Market News | VIX | Blogging Options | Trader Talk | Dec 15, 2014, 2:18 PM

    Blogging Options: CBOE Mid-Day 12.15.14

    Blogging Options: CBOE Mid-Day 12.15.14

    Wild ride today as the DJIA was up and then down 100 points within the first 90 minutes of trading.  Over 16 million option contracts trade in the first five hours.  1 million+ SPX contracts and 700K VIX option contracts, with 308K VIX futures changing hands.   Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is down 0.50 to $13.20 as WTI crude oil trades below $57.  Overall option implied volatility of 60 compares to its 26-week average of 25. Energy[...]

  • Market News | VIX | Blogging Options | Trader Talk | Dec 12, 2014, 1:10 PM

    Blogging Options: CBOE Mid-Day Update 12.12.14

    Blogging Options: CBOE Mid-Day Update 12.12.14

    Big option volume day as stock futures trade off today's lows.  ~13.6m contracts change hands near noon CST, with SPX options (847K) and VIX (922K) being active.  VIX Futures added on to pre-market interest as 306K futures traded.  Crude stocks still getting hit.  Volatility as an asset class: iPath S&P GSCI Crude Oil Total Return (OIL) is down $0.45 to $13.76 as WTI crude oil trades near $58.  Overall option implied volatility of 41 compares to its 26-week average of[...]

  • Trader Talk | Education | Dec 9, 2014, 10:00 AM

    Index & ETF LEAPS To Be Added for 2017

    Index & ETF LEAPS To Be Added for 2017

    On Wednesday, December 24, 2014, trading begins for December 2017 LEAPS® in the below Index and exchange-traded fund (ETF) option products: DJX (Dow Jones Industrial Average) MNX (Mini-NASDAQ 100 Index) NDX (NASDAQ 100 Index) OEF (iShares on the S&P 100 Index Fund) OEX (S&P 100 Index with American Exercise) RUT (Russell 2000 Index)** SPX (S&P 500 Index) SPY (SPDR S&P 500 ETF Trust)** XEO (S&P 100 Index with European Exercise) ** Note: RUT and SPY are the only products identified[...]