Market News Archives - CBOE Blogs

  • Market News | Jul 13, 2015, 11:50 AM

    Back From The Brink - Weekly Market Outlook

    Back From The Brink - Weekly Market Outlook

    Once again, just when it looked like stocks were going to pass the point of no return, good news regarding Greece's debt day the bulls a reason to celebrate on Friday. It wasn't enough to bring the market back into the black for the week, but just barely.  More important, Friday's bounce gave investors just enough hope to keep the bullish case alive for some. We'll look at everything below, as usual, but let's first run down some key economic numbers. Economic Data There wasn't much in[...]

  • Market News | VIX | Trader Talk | Strategy | Jul 12, 2015, 8:22 AM

    The Week in Russell 2000 Trading - 7/6 - 7/10

    The Week in Russell 2000 Trading - 7/6 - 7/10

    The week was quite a roller coaster ride for both the large and small cap segments of the equity market. As the week came to an end the Russell 2000 (RUT) was up 0.30% while the Russell 1000 (RUI) lost 0.03%.  As of Friday RUT is 3.93% higher for the year outperforming RUI by 2.61%. The RVX – VIX relationship tested recent lows on Thursday as it is prone to do when global risk is the big market concern.   On Friday, RUT did outperform RUI a bit (up 1.4% versus 1.2%)[...]

  • Market News | Jul 11, 2015, 3:30 PM

    The Week in VIX - 7/6 - 7/10

    The Week in VIX - 7/6 - 7/10

    Nothing on the week over week curve chart shows what really happened last week in the markets. VIX finished the week in line with the previous week’s closing price as did the S&P 500.   However, at one point during the week VIX was just over the psychologically significant 20 level or up 19.4% and the S&P 500 was down about 1.5% from the close on July 2nd. It is worth noting that the shape of the curve below remains pretty steep as we look to the always interesting fourth[...]

  • Market News | VIX | Trader Talk | Futures | Jul 11, 2015, 1:20 PM

    TYVIX Weekly Review - 7/11/2015 by Catherine Shalen

    TYVIX Weekly Review - 7/11/2015 by Catherine Shalen

    Every day Brings a New Twist to TYVIX, Benchmark for Treasury Volatility The referendum in Greece on Sunday was a non-event for Treasury volatility. TYVIX opened at 6.70 on Monday, 1.82% above its closing value on July 2nd, but by 10:30, TYVIX was back to 6.58. Equity and FX volatilities were more reactive. VIX opened 11.08% higher, EUVIX 6.71% higher, JYVIX 5.74% higher and BPVIX 3.32% higher. After this open, Treasury prices began a rally which lasted until Thursday, as investors responded to[...]

  • Market News | VIX | Trader Talk | Education | Futures | Jul 11, 2015, 12:37 PM

    The Week in Volatility Indexes and ETPs - 7/6 - 7/10

    The Week in Volatility Indexes and ETPs - 7/6 - 7/10

    From the pre-Independence day July 2nd close to this past Friday VXST was down 0.73, VIX was up by 0.04, VXV was 0.05 higher and VXMT finished 0.28 higher. VXST is sort of an anomaly as there is a 3-day weekend impact that pushes the index lower. As the week over week change does no justice in showing the actual price action from last week I included the Thursday closing curve to show that last week was anything but boring. Note on the table below both VXX (and the similar funds) and SVXY (plus[...]

  • Market News | VIX | Trader Talk | Jul 10, 2015, 2:08 PM

    The Weekly Options News Roundup – 7/10/2015

    The Weekly Options News Roundup – 7/10/2015

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Back to the Futures A pioneer of the short-term options known as Weeklys, CBOE successfully bridged the gap between monthly expirations with these event-driven contracts. Now CBOE is expanding the concept to include its proprietary VIX futures contracts, adding Weeklys futures on July 23rd.  The launch will be[...]

  • Market News | VIX | Trader Talk | Futures | Trade Ideas | Jul 8, 2015, 9:55 PM

    Bullish, Bearish, and Neutral Trades from Today

    Bullish, Bearish, and Neutral Trades from Today

    One of the fun parts of working at the Options Institute is looking into how large traders react to different market environments. Since today was a pretty exciting day in the markets I decided to look at block trading activity from the end of the day today. The result is a bullish, bearish, and neutral trade executed respectively in the Russell 2000, S&P 500, and VIX option markets today. First, the bullish Russell 2000 trade. With RUT very close to 1228 there was a bullish diagonal spread executed[...]

  • VIX Option Trade Into Expiration

    VIX Option Trade Into Expiration

    CBOE and the CBOE Futures exchange plan on launching VIX Weeklys options and futures respectively over the next couple of months. Usually when new markets start trading we have to do a little wait and see with respect to strategies that large traders are implementing. However, with VIX Weeklys we have over 100 expirations since VIX options were launched and we can look to trading in VIX options and futures that have occurred near expiration. With this in mind I did some digging around on the Monday[...]

  • 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 8, 2015, 10:30 AM

    Earnings Next Week - 7/13 - 7/17

    Earnings Next Week - 7/13 - 7/17

    Things finally pick back up in the world of earnings next week with 25 companies reporting that have short dated options available for trading.  All history below is based on the last three years (12 quarters).  Max is the biggest move up, min the biggest stock price drop, Abs Avg is the average move (higher or lower), and Last Q is the stock's reaction to earnings last quarter.  

  • Market News | VIX | Trader Talk | Trade Ideas | Jul 7, 2015, 12:15 PM

    Weekly MSCI Index Review - 7/7/2015

    Weekly MSCI Index Review - 7/7/2015

    Tuesday of each week is the time we have set aside to discuss international markets on the CBOE Options Hub. Recently CBOE launched index option trading on two of the most widely followed equity market indexes that depict performance for equity markets outside the United States. The MSCI EAFE Index (MXEA) measures the performance of equities in developed markets outside of North America and the MSCI Emerging Markets Index (MXEF) focuses on emerging markets such as China, South Korea, and India. The[...]

  • 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 | Jul 6, 2015, 8:17 PM

    Trading Comes Alive and Crosstown Classic This Week

    Trading Comes Alive and Crosstown Classic This Week

    On Thursday I'll be teaming up with Dan Sheridan for a  one day seminar at CBOE focusing on trading Weeklys.  Then on Friday students will be heading to the north side of Chicago to see the Cubs and White Sox meet for the first time in 2015.  More information follows - Trading Comes Alive! Income Opportunities Using Weeklys℠ Chicago Board Options Exchange Thursday, July 9, 2015 8:00 a.m. – 4:15 pm Central Crosstown Classics Ticket for July 10th Included in Seminar Price! Heavy[...]

  • 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, 1:50 PM

    Technical Picture Worse Than It Seems - Weekly Market Outlook

    Technical Picture Worse Than It Seems - Weekly Market Outlook

    The bulls pushed back after last Monday's meltdown, but it just wasn't enough to undo the damage... at least not yet. The market did manage to work its way back above a relatively important line in the sand, until the Greek vote results came out. The bad news is, we're closer to a re-entry into a decided downtrend than we are to a rekindling of the rally. We'll look at where we are in relation to the line in the sand below, after a quick run-down of all of last week's economic news. Economic Data We[...]