Market News Archives - CBOE Blogs

  • Market News | Technical Analysis & Charts | VIX | Aug 8, 2016, 10:56 AM

    Weekly Market Outlook - Upside Breakout Amid VIX Lows

    Weekly Market Outlook - Upside Breakout Amid VIX Lows

    Against the odds, though with the bigger-picture tide, last Tuesday's alarming intraday pullback ended up being just the regrouping the bulls needed to finally stage a breakthrough rally.  On the heels of a better-than-expected jobs report for July, the S&P 500 (SPX) (SPY) pushed up and off a key short-term moving average line to finally punch through a resistance line that had been nagging it since mid-July. Do we take the clue at face value and treat it as a breakout?  Or, was[...]

  • Market News | Strategy | Aug 8, 2016, 10:15 AM

    Noise Levels Rising - Time to Turn it Down

    Noise Levels Rising - Time to Turn it Down

    The pitch level of noise surrounding the markets is starting to elevate, and wouldn't you know it - right near the all time highs.  Right on cue!  As we saw markets take out resistance on Friday following the strong jobs report, we continue to hear the drumbeat from the bearish side, that this most unbelievable market rally has to end soon.  Of course, no time estimate on that prediction - like the old economist's saw, 'give em a number or a date, but never both'.  Especially[...]

  • Market News | Aug 7, 2016, 10:58 AM

    The Weekly Options News Roundup –8/5/2016

    The Weekly Options News Roundup –8/5/2016

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX Index and volatility-related articles from print, broadcast, online and social media outlets. Ready…Set…Ring On Wednesday, CBOE hosted representatives from The Decathlon Organization and Rush University Medical Center for an opening bell-ringing ceremony commemorating the inaugural Chicago Decathlon.  This event unites amateur athletes from around the world to compete in a series of world-class[...]

  • Market News | VIX | Trader Talk | Aug 7, 2016, 10:00 AM

    Weekend Review - VIX Options and Futures - 8/1 - 8/5

    Weekend Review - VIX Options and Futures - 8/1 - 8/5

    VIX was down 4% last week and is currently hovering around two year lows. This is not exactly what many volatility observers were expecting for 2016 (including the author). VIX has been at pretty low levels for a couple of weeks and since there’s been no real spike VIX futures are finally working lower. Friday was the one-year anniversary of the first VIX Weeklys Futures settlement. On August 5th last year the first VIX Weeklys Futures contracts settled on the open at 12.16. Apparently[...]

  • Market News | Trader Talk | Aug 7, 2016, 8:50 AM

    Earnings Next Week - 8/8 - 8/12

    Earnings Next Week - 8/8 - 8/12

    The list is starting to shrink as we get toward the end of earnings season.  As always the data below is based on the last three years of earnings results unless the ticker is in italics.  The columns show the biggest rally, biggest drop, average move, and what the stock did last quarter in reaction to earnings.  

  • Market News | Aug 6, 2016, 4:00 PM

    Weekend Review - Volatility Indexes and ETPs - 8/1 - 8/5

    Weekend Review - Volatility Indexes and ETPs - 8/1 - 8/5

    When S&P 500 implied volatility is already low there’s not much room for a further drop.  That was the case going into this past week and as seen below with the S&P 500 climbing all four of the S&P 500 related volatility indexes were lower, but not by much. VVIX in the mid 80’s remains high, but believe it or not that may reflect VIX Put buying instead of VIX Call purchasing.  Demand for puts on any VIX strength or to take advantage of steep contango[...]

  • Market News | Trader Talk | Trade Ideas | Aug 6, 2016, 10:06 AM

    Weekend Review - Russell 2000 Options and Volatility - 8/1 - 8/5

    Weekend Review - Russell 2000 Options and Volatility - 8/1 - 8/5

    Last night we were (somewhat) entertained by the opening ceremonies for the Summer Olympics and for the next 17 days will be subjected to story enhanced competitions.  I have been monitoring a competitive struggle already this year.  The battle between small cap and large cap stocks.  It has been like a marathon with the Russell 2000 (RUT) falling way back, but pacing itself relative to the Russell 1000 (RUI).  RUI had quite a lead after the first six weeks or so of 2016. [...]

  • Market News | VIX | Trader Talk | Trade Ideas | Jul 31, 2016, 7:56 PM

    Weekend Review - Volatility Indexes and ETPs - 7/25 - 7/29

    Weekend Review - Volatility Indexes and ETPs - 7/25 - 7/29

    It was as quiet a week as I can remember with respect to the S&P 500 focused volatility indexes.  An quieter and the lines below would look like a single line. The long ETPs really suffered last week as we entered the week in very steep contango when comparing VIX with the August and September futures.  Of course what is bad for VXX is good for XIV and SVXY which both rose over 9% and up over 30% on the year.  VVIX actually rose a tad last week as well as VIX option[...]

  • Market News | Jul 29, 2016, 3:32 PM

    The Weekly Options News Roundup – 7/29/2016

    The Weekly Options News Roundup – 7/29/2016

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX Index and volatility-related articles from print, broadcast, online and social media outlets. CBOE Welcomes NSE This week, CBOE was pleased to host a delegation of executives, senior managers and council members from the Nigerian Stock Exchange. NSE is the third largest stock exchange in Africa, based on market capitalization. The delegation from NSE came to learn about exchange management and operations.[...]

  • Market News | Trader Talk | Trade Ideas | Jul 28, 2016, 7:26 PM

    Earnings Next Week - 8/1 - 8/5

    Earnings Next Week - 8/1 - 8/5

    Next week is another huge week for earnings.  As always the data below is based on the last three years of earnings results unless the ticker is in italics.  The columns show the biggest rally, biggest drop, average move, and what the stock did last quarter in reaction to earnings.

  • Market News | VIX | Trader Talk | Trade Ideas | Jul 24, 2016, 6:12 PM

    Weekend Review - Volatility Indexes and ETPs - 7/18/2016 - 7/22/2016

    Weekend Review - Volatility Indexes and ETPs - 7/18/2016 - 7/22/2016

    VIX was the biggest mover among the four S&P 500 related volatility indexes this past week.  VIX dropped more than 5% while VXST lost 0.39% and VXV was down 1.19%.  Longer dated volatility actually rose last week with VXMT gaining 0.28%.  The curve remains very steep which I’m taking as uncertainty abounding with respect to the balance of 2016, especial the fourth quarter of 2016. Most the data points on the table below are as one would expect after a relatively[...]

  • Market News | Trader Talk | Trade Ideas | Jul 24, 2016, 2:01 PM

    Weekend Review - Russell 2000 Index and Options - 7/18/2016 - 7/22/2016

    Weekend Review - Russell 2000 Index and Options - 7/18/2016 - 7/22/2016

    Last week the performance for the Russell 1000 (RUI) and Russell 2000 (RUT) was as close as I’ve seen it since I’ve been doing these blogs.  RUI gained 0.67% and RUT was higher by 0.65% for what we will say is within the margin of error (I’m stealing from the political polls).  For the year RUT is maintaining a small lead on RUI up 6.78% versus 6.40%.  This is the second week in a row with RUT in the lead which is pretty impressive considering back in February RUT[...]

  • Market News | Jul 22, 2016, 1:56 PM

    The Weekly Options News Roundup – 7/22/2016

    The Weekly Options News Roundup – 7/22/2016

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX Index and volatility-related articles from print, broadcast, online and social media outlets. Live With Livevol CBOE hosted the “Professional Traders Summit” this week, featuring options industry professionals discussing various trading strategies. During the event, CBOE’s Catherine Clay, Vice President, Business Development, provided a live demo of Livevol X, a next-generation execution[...]

  • Market News | Jul 17, 2016, 8:00 AM

    Weekend Review - Russell 2000 Index and Options - 7/11 - 7/15

    Weekend Review - Russell 2000 Index and Options - 7/11 - 7/15

    It was quite a week for small cap stocks as the Russell 2000 (RUT) rose 2.4% while the Russell 1000 (RUI) gained 1.5%.  This strong week for RUT places the index up 6.11% for 2016, a tad more than RUI’s 2016 gain of 5.71%.   Even more impressive for RUT, the small cap index is up 26.4% since putting in a closing low of 953.72 back in February. In the volatility space both VIX and the CBOE Russell 2000 Volatility Index were lower last week.  The RVX / VIX premium[...]

  • Market News | VIX | Trader Talk | Trade Ideas | Jul 16, 2016, 12:00 PM

    Weekend Review - Volatility Indexes and ETPs - 7/11 - 7/15

    Weekend Review - Volatility Indexes and ETPs - 7/11 - 7/15

    Short term volatility was the big loser among the four S&P 500 related volatility indexes as VXST lost over 10% last week.  This was more than two times the drop in VIX and more than three times the drop in VXV and VXMT.  The result is a pretty darn steep curve indicating concerns about the second half of this year for the stock market are lurking around in option volatility. Despite the drop in VIX the VIX of VIX rose last week.  As I typed that I realized that two[...]