Moran-Matt

Matt Moran

Matt Moran is vice president of business development for Chicago Board Options Exchange (CBOE), where he communicates with pension funds, mutual funds, and financial advisors. He has delivered more than 200 presentations worldwide on the topics of managing volatility and adding income with option-writing strategies. Previously, he served trust counsel at Harris Bank and vice president at Chicago Mercantile Exchange. He is an associate editor of two Institutional Investor publications — The Journal of Trading and The Journal of Index Investing. Mr. Moran holds JD and MBA degrees from the University of Illinois.

  • Market News | Jul 8, 2015, 11:02 AM

    All-time Record Volume for VIX Options During the 2 A.M. to 8:15 A.M. CT Session

    All-time Record Volume for VIX Options During the 2 A.M. to 8:15 A.M. CT Session

    A news story on Bloomberg recapping the July 8 trading in China noted that - “The Shanghai Composite Index slid 5.9 percent to 3,507.19 at the close. With at least 1,331 companies halted on mainland exchanges and another 747 falling by the 10 percent daily limit, sellers were locked out of 72 percent of the Chinese market. … “ Many investors who are concerned about worldwide market volatility related to developments in China and Greece are exploring the use of futures and options[...]

  • Market News | Jul 7, 2015, 9:52 AM

    Options on MSCI EAFE and EM Indexes – Bigger Notional Size and Added Expirations

    Options on MSCI EAFE and EM Indexes – Bigger Notional Size and Added Expirations

    CBOE recently launched trading in options on the MSCI Emerging Markets Index (MXEF) and the MSCI EAFE Index (MXEA).CBOE's options on MSCI indexes are designed to provide investors different ways to efficiently gain exposure to the global equity markets and execute risk management, hedging, asset allocation and income generation strategies. ADDED EXPIRATION DATES At the launch of options on the MSCI EAFE (MXEA) and MXEF indexes, a number of institutional customers expressed great interest in the new[...]

  • Market News | VIX | Jul 6, 2015, 3:50 PM

    New VIX Weeklys Futures and Options – Enhanced Precision and Responsiveness with More Wednesday Expirations

    New VIX Weeklys Futures and Options – Enhanced Precision and Responsiveness with More Wednesday Expirations

    CBOE Futures Exchange, LLC (CFE®) plans to list futures with weekly expirations on the CBOE Volatility Index® (VIX®) beginning Thursday, July 23, 2015, subject to regulatory review. VIX Weeklys options at CBOE are expected to follow on a later date, also subject to regulatory approval. The new VIX Weeklys futures and options will offer more expirations that have the potential to provide more precision and responsiveness for investors. www.cboe.com/VIXWeeklys COLUMNIST’S REMARKS[...]

  • Market News | Jul 6, 2015, 7:16 AM

    Big Last Week for VIX re: Backwardation, Big Moves & Volume, ETH, Put/Call Ratio, and Bollinger Bands

    Big Last Week for VIX re: Backwardation, Big Moves & Volume, ETH, Put/Call Ratio, and Bollinger Bands

    After the news broke last Sunday (June 28) regarding the closing of banks in Greece, worldwide markets for stocks and oil plunged, and investors sought assets that could rise and serve as diversifiers. The VIX® July futures prices responded by rising from 14.525 on June 26 to 17.375 on the next trading day (June 29). Below are seven key points about VIX action during this past big week – these points could be of interest to technical analysts who are looking for trading signals, and to[...]

  • Market News | VIX | Trader Talk | Jun 29, 2015, 5:08 PM

    Five Volatility Indexes Rose More Than 30% Today, As Worldwide Stocks and Oil Prices Fell on News Out of Greece

    Five Volatility Indexes Rose More Than 30% Today, As Worldwide Stocks and Oil Prices Fell on News Out of Greece

    In the past couple of days, news out of Greece regarding capital capital controls and bank closings had a worldwide negative impact on stock and oil prices, while five of CBOE’s volatility indexes rose more than 30%, and volume in VIX futures soared to an estimated 415,000 contracts. After news about the closures of Greek banks broke over the weekend, VIX futures volume in the 5 pm (Sunday) to 2 am CT session was a record 32,617 (estimated) contracts, an all-time record for that time period. Investors[...]

  • Market News | Jun 26, 2015, 11:13 AM

    Follow the RVX and RUT Options, as MarketWatch Notes That Today Could Be “Year’s Biggest Trading Day”

    Follow the RVX and RUT Options, as MarketWatch Notes That Today Could Be “Year’s Biggest Trading Day”

      A June 26 news story in MarketWatch noted that – “Stock-trading volume is expected to surge in Friday’s last moments of trading, as the Russell indexes go through their annual routine of adding and removing stocks.  A massive amount of money is linked to the small-cap Russell 2000 RUT … the large-cap Russell 1000 RUI, … and their siblings. The index funds that track these benchmarks must buy or sell stocks as result of this summertime shakeup that’s[...]

  • Market News | Jun 22, 2015, 5:06 PM

    All-time Record Daily Closing Highs Today for BXY, BXM, PUT, BXR, BXN and LOVOL Indexes

    All-time Record Daily Closing Highs Today for BXY, BXM, PUT, BXR, BXN and LOVOL Indexes

    Six CBOE strategy benchmark indexes all hit all-time record daily closing highs today (June 22) – 1559.33 BXY - CBOE S&P 500 2% OTM BuyWrite 1527.39 PUT - CBOE S&P 500 PutWrite Index 1140.06 BXM - CBOE S&P 500 BuyWrite Index 459.22                   BXN - CBOE Nasdaq BuyWrite Index 218.42                  [...]

  • Market News | Jun 19, 2015, 12:45 PM

    BXR & RUT Indexes Hit All-Time Highs, As Interest in Small-Caps Heats Up

    BXR & RUT Indexes Hit All-Time Highs, As Interest in Small-Caps Heats Up

      Yesterday (June 18) was a key day for small-cap instruments, as shown by these facts – The Russell 2000 Index (RUT) (the key gauge of for U.S. small-cap stocks) hit an all-time daily closing high of 1284.68; The CBOE Russell 2000 BuyWrite Index (BXR) (the key gauge for use of an RUT index options buywrite strategy) hit an all-time daily closing high of on 217.68; Daily volume for options on the Russell 2000 (RUT) rose to 131,638 contracts, the highest level in recent weeks. RUT CHART THREE[...]

  • Market News | Jun 16, 2015, 2:27 PM

    Record Volume Today in ETH Session for VIX Options

    Record Volume Today in ETH Session for VIX Options

    Yesterday (June 15) the CBOE Volatility Index® (VIX®) rose to its monthly closing high of 15.39, and earlier today in the June 16 Extended Trading Hours (ETH) sessions, the estimated trading volumes during ETH were 30,920 for VIX futures (the high for the month), and 6,984 for VIX options (the all-time record high).   CBOE Holdings is now offering Extended Trading Hours (ETH) on key popular index futures and options contracts in order to provide investors with the ability to take[...]

  • Education | Jun 9, 2015, 11:47 AM

    Will Stocks from Mainland China Be Added to the MSCI Emerging Markets Index?

    Will Stocks from Mainland China Be Added to the MSCI Emerging Markets Index?

    A key topic for global investors today is whether Chinese A-Shares will be included in the popular MSCI Emerging Markets Index. Estimates suggest that about $1.7 trillion in assets track the popular index. CBOE offers a number of volatility and options products to help investors gauge and manage their global equity exposure. Last month MSCI Inc. issued a press release with an announcement that it - “…  will release on June 9, 2015, shortly after 11:00 p.m. Central European Summer[...]

  • Market News | Jun 4, 2015, 2:36 PM

    CBOE Russell 2000 BuyWrite Index (BXR) Hits All-time High

    CBOE Russell 2000 BuyWrite Index (BXR) Hits All-time High

    On Wednesday, June 3, the CBOE Russell 2000 BuyWrite Index (BXR) hit an all-time daily closing high of 215.96. The BXR is a benchmark index that measures the performance of a theoretical portfolio that sells Russell 2000 Index (RUT) call options, against a portfolio of the stocks included in the Russell 2000 Index. A "buy-write," also called a covered call, generally is considered to be an investment strategy in which an investor buys a stock or a basket of stocks, and also sells call options[...]

  • Market News | Technical Analysis & Charts | May 15, 2015, 1:50 PM

    PUT Index Hits All-time Daily Closing High, with Less Volatility Than “Traditional” Indexes

    PUT Index Hits All-time Daily Closing High, with Less Volatility Than “Traditional” Indexes

    On Thursday, May 14, the CBOE S&P 500 PutWrite Index (PUTSM) closed at 1503.46, its highest all-time daily close.  PUT is an award-winning benchmark index that measures the performance of a hypothetical portfolio that sells S&P 500® Index (SPX) put options against collateralized cash reserves held in a money market account.  The daily historical data for the PUT Index extends back to June 30, 1986. Since mid-1986 the PUT Index has had higher returns and lower volatility than[...]

  • Education | May 6, 2015, 5:28 PM

    TYVIX Index, Measure of Interest-Rate Volatility, Rises for the 8th Day in a Row

    TYVIX Index, Measure of Interest-Rate Volatility, Rises for the 8th Day in a Row

    The CBOE/CBOT 10-year U.S. Treasury Note Volatility Index℠ (with a new ticker symbol: TYVIX℠ rose today (Wednesday) for the 8th trading day in a row. TYVIX measures the expected volatility of the price of 10-year Treasury Note futures. TYVIX futures also are available for investors. As shown in the charts below, since April 24, the daily closing values of the TYVIX Index rose from 4.89 to 6.53 (a 34% rise) and the interest rates on the 10-year U.S. Treasury notes rose from 1.91% to 2.23%[...]

  • Market News | Education | May 5, 2015, 3:43 PM

    A Dozen Positive Developments in 2015 for Investors in Options

    A Dozen Positive Developments in 2015 for Investors in Options

    Over the past decade I have delivered more than 200 presentations around the world to groups of investors such as pension funds and/or investment advisors. During the presentation events I solicit feedback from investors on the topics which are of interest. Below is a list of 12 positive developments in 2015 for investors in options. CAPACITY AND LARGE NOTIONAL SIZE FOR SPX OPTIONS VOLUME Liquidity and capacity often are key concerns of institutional investors who are considering investing sizable[...]

  • Technical Analysis & Charts | Education | Futures | Apr 21, 2015, 10:40 AM

    $3.7 Trillion in A.U.M. Tracks EAFE and E.M. Indexes, as First-ever Index Options Launch

    $3.7 Trillion in A.U.M. Tracks EAFE and E.M. Indexes, as First-ever Index Options Launch

    On Tuesday April 21 CBOE launched its first-ever trading in cash-settled options on two MSCI indexes – the MSCI Emerging Markets Index (MXEF) and the MSCI EAFE Index (MXEA). Options on the MSCI Emerging Markets Index and the MSCI EAFE Index are designed to enable investors to efficiently hedge and manage their non-U.S. equity portfolio exposures, to diversify their portfolios, or to generate added income. $TRILLIONS IN ASSETS UNDER MANAGEMENT In mid-2014 the combined assets under management[...]