Chicago Board Options Exchange
The Chicago Board Options Exchange (CBOE), located at 400 South LaSalle Street in Chicago, is the largest U.S. options exchange with annual trading volume that hovered around 1.27 billion contracts at the end of 2014.[1] CBOE offers options on over 2,200 companies, 22 stock indices, and 140 exchange-traded funds (ETFs).
Type | Options exchange |
---|---|
Location | Chicago, IL, United States |
Founded | 1973 |
Owner | Cboe Global Markets |
Currency | United States dollar |
Website | cboe.com |
The Chicago Board of Trade established the Chicago Board Options Exchange in 1973. The first exchange to list standardized, exchange-traded stock options began its first day of trading on April 26, 1973, in celebration of the 125th birthday of the Chicago Board of Trade.[2][3] The CBOE is regulated by the Securities and Exchange Commission and owned by Cboe Global Markets.[4]
Contracts offered
The CBOE (and other national options exchanges) offers options on the following, and others:
- S&P 500 Index (ticker SPX)
- S&P 100 Index (OEX)
- Dow Jones Industrial Average (DJX)
- NASDAQ-100 Index (NDX)
- Russell 2000 Index (RUT)
- SPDR S&P 500 (SPY)
- NASDAQ-100 Trust (QQQ)
- Nasdaq Composite (ONEQ)
- S&P Latin American 40 (ILF)
- S&P MidCap 400 (MDY, IJH, and CBOE root symbol MID)
- Cohen & Steers Realty Majors Index (ICF)
- Wilshire 5000 (VTI)
- MSCI EMIF (EEM)
- MSCI EAFE (Europe-Asia-Australia-far-east) (EFA)
- Dow Diamonds Trust (DIA)
- China 25 Xinhua/FTSE Index (FXI)
- Brazil São Paulo Stock Exchange (EWZ)
- Microsoft (MSFT)
- General Electric (GE)
- Altria (MO)
- Bitcoin (XBT)
The CBOE calculates and disseminates the CBOE Volatility Index (VIX), the CBOE S&P 500 BuyWrite Index (BXM), and other indices.[5]
See also
References
- "CBOE Market Stats" (PDF). Chicago Board Options Exchange. Retrieved May 12, 2016.
- Jerry W. Markham (2002). "Options Exchange Opens On Parent's Anniversary". A Financial History of the United States. M. E. Sharpe. p. 52. Retrieved November 26, 2014.
- "History". Chicago Board Options Exchange. Retrieved October 14, 2008.
- Poitras, G., Handbook of Research on Stock Market Globalization (Cheltenham: Edward Elgar Publishing, 2012), p. 248.
- Warner, A., Options Volatility Trading: Strategies for Profiting from Market Swings (New York: McGraw Hill Professional, 2009).