Insights Overview

Most Recent:

Drop in Crude Oil Prices Fuels Markets

By JJ Kinahan

A drop in crude oil prices, spurred by the U.S.’s turn toward economic pressures on Iran rather than missile attacks, is fueling the three major indices to the upside in early trading.

Macro Volatility Digest

Week of 8/24/2026: Cross-Asset Volatilities Rise as Treasury Endeavors to Avert Yield Contagion

By Ed Tom

Cross-asset implied volatilities rose across the board as Treasury market concerns trickled into equities and the other major asset classes. Learn more in this week's Macro Volatility Digest.

Daily Market Commentary

Tech Stocks Take a Tumble; Nasdaq Composite Leads Pullback

By JJ Kinahan

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Index Options and Futures

Index Options Explained

XSP: More Potential Benefits Than SPY

At 1/10th the size of SPX, XSP offers very similar notional size, weekly expirations, and PM-settlement to SPY, but with even more potential benefits.

Index Options Explained

Don't Get Stuck Paying the Dividend on Your Short Trade

Many trading strategies, such as covered-call or spread trading, involve options writing (selling), where the primary risks are market movement and volatility. But there's another risk if you happen to be writing options on dividend-paying equities like SPY ETFs: early assignment.

Index Options Explained

Why Option Settlement Style Matters

There are a number of different types of options contracts available on broad-based U.S. equity indexes. Some of the most actively traded products include options on SPY, SPX and XSPSM (Mini-SPX). They all track the S&P 500® and both SPY and XSP options have the same notional size, making them somewhat interchangeable. A key difference, however, is settlement style.

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Equities and ETPs

Equities Market Research

Market Metrics That Matter: European Equities July Volume Briefing

European equity trading volumes shifted from Closing Auctions toward Central Limit Order Books and Non-Displayed venues during July, with Cboe remaining the largest exchange and the biggest market share gainer month over month.

Equities Market Research

Market Metrics That Matter: U.S. Cash Equities June Volume Briefing

Cboe’s market activity increased in June with a record Average Daily Volume (ADV) of 23.3 billion, a high not seen since March 2020. Cboe's share of addressable market share increased to 21.9%, attributable to the continued adoption of premium products and Exchange Traded Fund (ETF) listings.

Equities Market Research

Market Metrics That Matter: Cboe FX June Volume Highlights

In June 2026, Cboe FX Spot Average Daily Volume (ADV) reached $59.6 billion, a 23.4% increase versus June 2025's ADV of $48.3 billion. Cboe SEF ADV1 topped $4.6 billion, representing a 59.0% increase from $2.9 billion in June 2025.

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Most Recent:

Drop in Crude Oil Prices Fuels Markets

By JJ Kinahan

Week of 8/24/2026: Cross-Asset Volatilities Rise as Treasury Endeavors to Avert Yield Contagion

By Ed Tom

Tech Stocks Take a Tumble; Nasdaq Composite Leads Pullback

By JJ Kinahan

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Index Options and Futures

XSP: More Potential Benefits Than SPY

Don't Get Stuck Paying the Dividend on Your Short Trade

Why Option Settlement Style Matters

Equities and ETPs

Market Metrics That Matter: European Equities July Volume Briefing

Market Metrics That Matter: U.S. Cash Equities June Volume Briefing

Market Metrics That Matter: Cboe FX June Volume Highlights

Drop in Crude Oil Prices Fuels Markets

By JJ Kinahan

Week of 8/24/2026: Cross-Asset Volatilities Rise as Treasury Endeavors to Avert Yield Contagion

By Ed Tom

Tech Stocks Take a Tumble; Nasdaq Composite Leads Pullback

By JJ Kinahan

XSP: More Potential Benefits Than SPY

Don't Get Stuck Paying the Dividend on Your Short Trade

Why Option Settlement Style Matters

Market Metrics That Matter: European Equities July Volume Briefing

Market Metrics That Matter: U.S. Cash Equities June Volume Briefing

Market Metrics That Matter: Cboe FX June Volume Highlights