CBOE Holdings (CBOE) is trading up $1.83 to $29.35 and call activity is heating up in the owner of the Chicago Board Options Exchange [CBOE] Friday. March 30 calls are the most actives. 2,845 traded (73 percent Ask) vs. 2,746 in open interest. Similar action is being seen in the Mar 28, 29 and 32 calls. Seems that buyers are dominating the action. 12000 calls traded so far. Implied volatility is up 8 percent to 41. CBOE rallied around earnings earlier this month and also saw a lift on takeover speculation last week after Deutsche Boerse made a move to acquire NYSE-Euronext. The theory goes that NASDAQ might now seek to increase its market share by purchasing CBOE, operator of the oldest and one of the largest exchange.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.