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.
More Than Just A Manic Monday
A new tool has emerged in CBOE’s suite of Weeklys offerings with the planned addition of Monday Weeklys on August 15th. Monday Weeklys allow investors to hedge over-the-weekend risks in addition to targeting event-driven hedging. The new Weeklys contract shares the same characteristics of Wednesday and Friday-expiring Weeklys options but is differentiated by its Monday expiration and listing date. For more information, see Press Release.
“CBOE to Add Mondays to SPX Weekly Options Suite” – Julie Aelbrecht, FOW
“CBOE Launching SPX Monday-Expiring Weekly Options” – Mike Fox, LeapRate
The Greenwood Project
On Wednesday, students under the tutelage of the Greenwood Project, toured the CBOE trading floor, enthusiastically interacting with trading professionals while receiving a rich new learning experience. The Greenwood Project is an organization that has partnered with various financial trading firms in an attempt to familiarize minority students on available opportunities in the financial sector. For more information visit the Greenwood Project .
VIX FIX :Volatility Exits With Brexit
Investor panic surrounding implications of a British Exit from the European Union was short-lived, with markets shaking off recent tumbles, rising to record highs in the Dow Industrial and S&P 500 Indexes. VIX has subsided to levels just above the 13 mark, well below its historical average as fears have calmed. But do investors still have reasons to fear? After all, it is an election year.
“Using Options to Win During Market Chaos” – Steve Sosnick, Barron’s
“VIX Hovers Near Lows Despite Brexit” – Ashley Coutinho, Business Standard
“Options Market Signals Little Fear of Election-Tied Volatility” – Saqib Iqbal Ahmed
“Record High S&P 500 And Low VIX: Time to Think About Hedging” – Gaudi Schneider, Seeking Alpha
“Dow Jones Industrial Average, S&P Hit New Highs” – Celeste Taylor, Schaeffer’s Investment Research