Market News Archives - CBOE Blogs

  • Market News | VIX | Trader Talk | Strategy | Trade Ideas | Feb 6, 2017, 7:44 AM

    Weekend Review of Russell 2000 Options and Volatility - 1/30 - 2/3

    Weekend Review of Russell 2000 Options and Volatility - 1/30 - 2/3

    Small caps continue to close the gap on large cap stocks as the Russell 2000 (RUT) gained 0.52% last week while the Russell 1000 (RUI) was up by 0.18%.  On the volatility front the CBOE Russell 2000 Volatility Index (RVX) remains at the historical high end of value relative to VIX.  This can be attributed to VIX hovering around multiyear lows as much as RVX not following VIX to the lowest end of the range.   On Monday, as the first trading day of the week came to a close one trader[...]

  • Market News | VIX | Trader Talk | Trade Ideas | Jan 21, 2017, 1:58 PM

    Weekend Review of VIX Futures and Options - 1/17 - 1/21

    Weekend Review of VIX Futures and Options - 1/17 - 1/21

    The S&P 500 dropped a bit and VIX rose some last week.  For all the fear and uncertainty that has been in the air around the beginning of the Trump era in Washington DC, the markets have remained calm and not done a whole lot in the past few weeks.   We did get January VIX options settlement last week with VRO coming in at 12.42.  This is something I’m watching closely as I got a twitter question awhile back with respect to streaks where standard VIX settlement had[...]

  • Market News | VIX | Jan 20, 2017, 11:04 AM

    CBOE SKEW Index Tops 140 Two Days in a Row, as Demand for Disaster Protection Increases

    CBOE SKEW Index Tops 140 Two Days in a Row, as Demand for Disaster Protection Increases

    The CBOE SKEW Index (SKEW) values, which are calculated from weighted strips of out-of-the-money S&P 500 options, generally rise to higher levels as investors become more fearful of a negative equity “black swan” event — an unexpected event of large magnitude and consequence. Key facts about recent SKEW values -- TWO DAYS IN A ROW. SKEW closed at 143.43 on January 18, and 141.03 on January 19 (the sixth time in its 27-year history that the index closed above 140 two days in[...]

  • Market News | Trader Talk | Jan 19, 2017, 4:32 PM

    Earnings Week of 1/23 - 1/27

    Earnings Week of 1/23 - 1/27

    Earnings season is in full swing this week with something for everyone on the list below.  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.  Finally, double check the earnings dates as not all were confirmed.

  • Market News | VIX | Jan 18, 2017, 6:17 PM

    Volatility ETF Twice Nominated for 2016 ETF.com Awards

    Volatility ETF Twice Nominated for 2016 ETF.com Awards

    We all have our morning rituals and one of mine involves checking the daily ETF.Com email I receive at CBOE.  The top story was the nominations for the annual ETF.Com awards ceremony which is scheduled for March 30th in New York.  I went through the list of nominees highlighting partners of CBOE and was delighted to see the REX VolMAXX Long VIX Weekly Futures Strategy ETF (Ticker: VMAX) recognized with a nomination in two categories.  VMAX has been nominated for both Most Innovative[...]

  • Market News | Trader Talk | Trade Ideas | Jan 16, 2017, 9:08 AM

    Block Trade Analysis - XLI Bull Put Spreads from Friday

    Block Trade Analysis - XLI Bull Put Spreads from Friday

    Since the election of Donald Trump the stock market has been on a bullish run.  One sector that may benefit from the new administration is the industrial sector, whether that is due to an increase in infrastructure spending or through an increase in domestic manufacturing.  On Friday, last week there were a couple of bullish option trades that came into the Industrial Selector Sector SPDR Fund (XLI) ETF option market worth taking a look at. Before discussing these two trades I wanted to[...]

  • Market News | Election & VIX | Jan 15, 2017, 4:00 PM

    The Weekly Options News Roundup – 1/15/2017

    The Weekly Options News Roundup – 1/15/2017

    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. Data Exchange CBOE announced on January 6, that all its historical market data formerly operated by Market Data Express (MDX) has been migrated to the CBOE Livevol Data Shop.  This action combines a comprehensive source of options, equity and exchange-traded fund (ETF) data with the customizable services offered[...]

  • Market News | VIX | Trader Talk | Trade Ideas | Jan 15, 2017, 8:33 AM

    Weekend Review of Volatility Indexes and ETPs - 1/9 - 1/13

    Weekend Review of Volatility Indexes and ETPs - 1/9 -  1/13

    There are two lines below although it may appear that there is only a purple line for parts of the VXST – VIX – VXV – VXMT curve.  In a round about way I’m saying not a lot happened in the world of S&P 500 option volatility last week. What really stands out on the table below is the price action of VVIX which rose over 12 points to finish the week over 90.  There were large buyers of February VIX call options last week which contributed to the rise[...]

  • Weekend Review of Russell 2000 Options and Volatility - 1/9 - 1/13

    Weekend Review of Russell 2000 Options and Volatility - 1/9 - 1/13

    It was a quiet week for the markets with a lack of economic data, the earnings calendar being light (that changes next week) and our president elect speaking to the press but not making statements to impact the equity markets too much.  The result was a 0.35% gain for the Russell 2000 (RUT) and a drop of 0.04% for large cap stocks as represented by the Russell 1000 (RUI). The next chart is a regular feature in this space.  I decided since the premium of the CBOE Russell 2000[...]

  • Market News | Jan 12, 2017, 3:59 PM

    Earnings Week of 1/17 - 1/20

    Earnings Week of 1/17 - 1/20

    It's a holiday shortened week, but it's also a week where earnings season starts to kick into high gear.  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.  Finally, double check the earnings dates as not all were confirmed.

  • Market News | Jan 10, 2017, 4:21 PM

    33rd Annual CBOE RMC Set for March 8 - 10

    33rd Annual CBOE RMC Set for March 8 - 10

    As we turn to a New Year, we all look forward to certain things.  For me, near the top of that list is the spring edition of CBOE’s Risk Management Conference (CBOE RMC).  We now have three versions of RMC with the US version taking place in a warm weather venue each spring for the past 32 years.  The 33rd Annual CBOE RMC will be held in Dana Point, California at the Monarch Beach Resort from March 8th to March 10th.  Although historical information is never a guarantee[...]

  • Market News | 2016 Recap | Jan 10, 2017, 12:00 PM

    Five Volatility Market Lessons from 2016

    Five Volatility Market Lessons from 2016

    To be successful in any field we all need to keep learning.  My job involves staying on top of all things index and volatility related which means I am always gaining new insights about the markets.  Looking back at 2016, VIX settled into lower levels after starting the year hitting the mid-20’s as the stock market sold off.  Despite the relatively tame behavior from VIX, there were some lessons to be learned last year. Number 1 – Non-Fundamental Volatility Spikes Before[...]

  • Market News | Strategy | Jan 9, 2017, 4:53 PM

    Technical Resistance in AMZN?

    Technical Resistance in AMZN?

    It's pretty clear that AMZN has been in a buy mode recently.  It is possible that we do see even higher prices in this stock.  I do however want to throw up a caution flag here for a couple of reasons.  First, we have met the initial upside targets off our last trade setup in this stock.  Second, we are moving into a couple of key resistance clusters defined by Fibonacci price relationships.  They come in at 801.31-807.55 and then 813.95-819.00.  Third, I'm seeing a[...]

  • Market News | Jan 7, 2017, 5:09 PM

    Weekend Review of VIX Futures and Options - 1/3 - 1/6

    Weekend Review of VIX Futures and Options - 1/3 - 1/6

    With the stock market kicking off 2017 on a bullish note VIX tested the 2016 closing low finishing the week 0.05 above last year’s low of 11.27.  The futures followed suit, especially the January contract which goes off the board two days before the 45th man to ascend to the presidency does so on January 20th. I was checking in on the Weekly VIX futures and options activity last week and came across an interesting set of numbers.  The chart below highlights the at-the-money[...]

  • Market News | Jan 7, 2017, 11:27 AM

    Weekend Review of Volatility Indexes and ETPs - 1/3 - 1/6

    Weekend Review of Volatility Indexes and ETPs - 1/3 - 1/6

    S&P 500 implied volatility was lower across all four time periods that are measured by CBOE Volatility Indexes last week.  VXST finished the week at 9.19 which is actually a tad higher than the low for 2016.  VIX also finished near the 2016 low of 11.27 but finished 0.05 above that level.  As a Trump presidency looms over the markets, with all the rhetoric and fear of what this means for the world, it’s a bit amazing market volatility is so low. The table below[...]