Market News Archives - CBOE Blogs

  • Market News | VIX | Trader Talk | Jun 8, 2016, 3:11 PM

    All-Time Record High Open Interest for VIX Futures – 501,835 on June 7

    All-Time Record High Open Interest for VIX Futures – 501,835 on June 7

    Futures on the CBOE Volatility Index® (VIX®), which launched in 2004, experienced some milestones regarding open interest in recent days – *   VIX futures open interest surpassed 500,000 for the first time on June 6; *   VIX Futures open interest hit a new all-time record high of 501,835 on June 7; *   VIX Futures open interest is up 98.7% year-to-date (through June 7). VIX FUTURES VOLUME DURING EUROPEAN HOURS VIX futures are available for trading more[...]

  • Market News | Jun 8, 2016, 1:28 PM

    Social Market Analytics Breaks Down #Brexit

    Social Market Analytics Breaks Down #Brexit

    We’ve lived through many pop culture name mergers. Most are power couples such as Tom Cruise and Katie Holmes (TomKat), Brad Pitt and Angelina Jolie (Brangelina), and of course Ben Affleck and Jennifer Lopez (Bennifer 1.0) and then Ben Affleck and Jennifer Garner (Bennifer 2.0). The one that is catching my attention these days is the one that will never appear on the cover of the National Enquirer. Of course this is the combination of British and Exit or Brexit. For those more familiar with[...]

  • Market News | Trade Ideas | Jun 5, 2016, 2:25 PM

    Earnings Next Week - 6/6 - 6/10

    Earnings Next Week - 6/6 - 6/10

    It is a very quiet week for earnings enthusiasts as only three companies with short dated options will be reporting earnings.  As always the data below is based on the last three years of earnings results.  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 | Jun 5, 2016, 1:55 PM

    Weekend Review - Volatility Indexes and ETPs - 5/31 - 6/3

    Weekend Review - Volatility Indexes and ETPs - 5/31 - 6/3

    The whole curve shifted a bit higher last week. We have to attribute the rise to the three-day weekend effect. At least in the case of VXST and VIX. Typically, VXV and VXMT are not impacted as much as the shorter dated volatility indexes. I might attribute the rise of longer dated volatility to the expected date for the next rate hike being pushed down the road. Despite the rise in VIX last week, the long volatility oriented ETPs were lower on the week. This is a function of the futures[...]

  • Market News | VIX | Trader Talk | Trade Ideas | Jun 4, 2016, 12:05 PM

    Weekend Review - Russell 2000 Index and Volatility - 5/31 - 6/3

    Weekend Review - Russell 2000 Index and Volatility - 5/31 - 6/3

    The Russell 2000 - How about that??? I hear Mel Allen’s voice as I type that. Small caps went on a relative tear last week with the Russell 2000 (RUT) rising 1.19% last week while the large cap focused Russell 1000 was up 0.10%. This places RUT up 2.49% for 2016, within striking distance of the Russell 1000 which is up 2.73% year to date. More impressive is the relative performance since the lows in February. RUT has rebounded 22.1% off this year’s closing low and RUI is up 15.6% over[...]

  • Market News | Jun 3, 2016, 3:25 PM

    CBOE NAMED ‘EXCHANGE OF THE YEAR’ AT GLOBAL CAPITAL AMERICAS DERIVATIVES AWARDS 2016

    CBOE NAMED ‘EXCHANGE OF THE YEAR’ AT GLOBAL CAPITAL AMERICAS DERIVATIVES AWARDS 2016

    CHICAGO, IL – June 3, 2016 -- Chicago Board Options Exchange® (CBOE®) announced today that it was named “Exchange of the Year” Thursday night at GlobalCapital’s Americas Derivatives Awards 2016 ceremony in New York City. The annual event honors the companies, platforms, services and products throughout the Americas that have made an impact on the U.S. derivatives industry during the year. Nominations are based on market feedback and research conducted by GlobalCapital.[...]

  • Market News | VIX | Trader Talk | Education | Jun 3, 2016, 1:54 PM

    The Weekly Options News Roundup – 6/3/2016

    The Weekly Options News Roundup – 6/3/2016

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast, online and social media outlets. VIX FIX – Volatility’s Summer Lull It’s been another uneventful week for stocks, which remained relatively unchanged.   As summer approaches and temperatures heat up, volatility has remained calm, cool and collected.  Even an impending vote on U.K.’s Brexit and today’s disappointing[...]

  • Market News | VIX | Trader Talk | Trade Ideas | May 29, 2016, 9:26 AM

    Weekend Review - Volatility Indexes and ETPs - 5/23 - 5/27

    Weekend Review - Volatility Indexes and ETPs - 5/23 - 5/27

    The S&P 500 rally along with the three-day weekend effect pushed VXST to finish Friday below 10.00 for the first time since July of last year. The VXST - VIX - VXV - VXMT curve moved lower and steepened a bit based on the calendar and the strength in the market. Looking at the table below it is like several indexes and instruments are playing limbo seeing how low they can go. VXX and the unleveraged long ETPs lost 10% while the leveraged funds gave up almost 20%. Check[...]

  • Market News | VIX | Trader Talk | Trade Ideas | May 28, 2016, 2:41 PM

    Weekend Review - VIX Futures and Options - 5/23 - 5/27

    Weekend Review - VIX Futures and Options - 5/23 - 5/27

    With the strength in stocks last week VIX finished the week just 0.02 higher than the 2016 closing low of 13.10. Always remember that part of the equation on Fridays when looking at VIX performance relates to a weekend impact where the market is closed for two days. This is accentuated when we have a three day holiday weekend so don’t be surprised if VIX rebounds a little on Tuesday regardless of what the stock market is doing. About 20 minutes after the open on Wednesday last week someone[...]

  • Market News | VIX | Trader Talk | Strategy | Trade Ideas | May 28, 2016, 9:18 AM

    Weekend Review - Russell 2000 Index and Volatility - 5/23 - 5/27

    Weekend Review - Russell 2000 Index and Volatility - 5/23 - 5/27

    Small cap stocks continue to show some strength with the Russell 2000 (RUT) beating the Russell 1000 (RUI) for the second week in a row. Is this the beginning of a streak? RUT rose 3.43% last week while the large cap focused RUI gained 2.28%. For the year RUT is now up 1.28%, still lagging RUI which is up 2.63%. The RVX / VIX premium remains at the high end of this year’s range, despite the strong performance from small cap stocks. It may be that the uncertainty about the Fed’s[...]

  • Market News | Trader Talk | Trade Ideas | May 25, 2016, 3:17 PM

    Earnings Next Week - 5/31 - 6/3

    Earnings Next Week - 5/31 - 6/3

    It's a short week, next week as we move into the summer months.  Despite that we still have a few companies set to report earnings next week.  As always the data below is based on the last three years of earnings results, unless the data is in italics.  In those cases less than three years worth of history is available.  The columns show the biggest rally, biggest drop, average move, and what the stock did last quarter in reaction to earnings.

  • Market News | Technical Analysis & Charts | VIX | Futures | Strategy | May 23, 2016, 9:49 AM

    BigTrends.com Weekly Market Outlook - Neutral With Downside Risk

    BigTrends.com Weekly Market Outlook - Neutral With Downside Risk

    The bulls and bears ended up in a stalemate last week. Both sides of the table looked as if they were going to take control at different points, but when all was said and done, neither side had the conviction need to rock the market out of its rut. The S&P 500's (SPX) (SPY) close of 2052.32 was only 0.27% better than the week-earlier close, and still right in the middle of some major support and resistance. The BigTrends TrendScore (for stocks) is a slightly anemic 56.6 out of a possible[...]

  • Market News | Technical Analysis & Charts | Education | May 23, 2016, 9:10 AM

    A Market Under Distribution

    A Market Under Distribution

    The stock market is under distribution, this is a fact. Simply put, professional selling overwhelms the buying and prices head lower.   As the markets ebb and flow with the money coming in/out we are constantly reminded about the psychological effects of a bear market.  Yes, even after the huge rally off the February lows this could still be considered a bear market.  Some of the strongest rallies occur during bear markets, but we cannot dismiss the internal characteristics. [...]

  • Market News | VIX | Trader Talk | Futures | Strategy | Trade Ideas | May 22, 2016, 6:00 AM

    Weekend Review - VIX Options and Futures - 5/16 - 5/20

    Weekend Review - VIX Options and Futures - 5/16 - 5/20

    The combination of VIX moving lower and June becoming the front month put some pressure on the June futures last week. I think maybe the lack of news flow expected over the next couple of weeks has something to do with that as well. Note the bifurcated futures performance from last week with many longer dated futures rising, which maybe could be the risk of higher rates or an ‘interesting’ presidential election hovering over the markets. Finally, I always like to periodically point out[...]

  • Market News | VIX | Trader Talk | Trade Ideas | May 21, 2016, 12:47 PM

    Weekend Review - Volatility Indexes and ETPs - 5/16 - 5/20

    Weekend Review - Volatility Indexes and ETPs - 5/16 - 5/20

    With the S&P 500 zig zagging this week, but finishing up by just over a quarter of one percent the curve was little changed. With one exception, VXST dropped 10% after we got past the FOMC minutes and the markets started to look forward to nothing for the next couple of weeks. VIX and VXMT rose and VXV was lower. I can’t remember the curve shifting like this ever, but since three out of the four moves were pretty small I wouldn’t read too much into it. The long VIX related[...]