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 Turns 44
On April 26, 1973, CBOE created the listed options industry.  911 contracts on 16 buttonsstocks changed hands on that fateful first day 44 years ago this week.  

Now, with four different options markets, CBOE’s options platforms trade an average of nearly seven million contracts per day. 

For 44 fun facts about CBOE over the years, visit CBOE's Blog site.


VIX FIX: Volatility Taxed  
The recent rally got a bit of nudge this week as concerns of an upset in the French election subsided, sending major markets soaring.  The uptick in stocks this week have also been attributed to a strong earnings season along with President Trump’s most recent promise to revamp the tax code, lowering corporate business taxes significantly. Collectively, these events have heavily impacted volatility, sending the CBOE Volatility Index (VIX) to a three year low, closing at 10.36 on Thursday, its lowest close since 2014.  Although the President has taken much of the credit for the positive reaction in markets as his symbolic first 100 days comes to end, with 1,285 days to go, it maybe a new Vol game during the next 100. 

“VIX Drops as French Election Results Ease Minds of Investors” – Inyoung Hwang and Gunjun Banerji, The Wall Street Journal
http://on.wsj.com/2qeWhks

“VIX ‘Fear Gauge’ Closes at 3-Year Low” – Robin Wigglesworth, Financial Times 
http://on.ft.com/2ptOp0L

“Wall Street ‘Fear’ Gauge’ Plummets as French Election Results Spark Global Relief Rally” – William Watts, Market Watch
http://on.mktw.net/2oBdVlr

“A Low VIX Signals More Stock Market Gains” – Michael Kahn, Barron’s
http://bit.ly/2oFv2SW

“Wall Street’s VIX Index Falls to its Lowest Since January” – Robin Wigglesworth and Joe Rennison, Financial Times
http://on.ft.com/2oTpksE

“What a Massive VIX Drop Means for Stocks” – Andrea Kramer, Schaeffer's Investment Research
http://bit.ly/2pGjYVX

“Small Cap Stocks Outperform S&P 500” – Adam Samson and Joe Rennison, Financial Times 
http://on.ft.com/2ppoHIH

“Cramer’s Charts Show the Market is not Done Going Higher” – Elizabeth Gurdus, CNBC
http://cnb.cx/2pchInX

“Vol Collapse Sees Return of Contango Short Term VIX Futures Curve” – Daniel O’Leary, EQ Derivatives 
http://bit.ly/2pGjSh6