CBOE Holdings adds 63 cents to $26.53 and is on a three-day 5.7 percent rally so far this week. Options action is picking up in the name, with 4,580 calls and 165 puts traded on the owner of the Chicago Board Options Exchange. The flow has been in smaller lots and includes a multi-exchange sweep of 245 Dec 27 calls at the $1.45 asking price. 700 now traded. Jul 27, Jul 26 and Sep 26 calls are the next most actives and 30-day ATM implied volatility is easing 8.5 percent to 21, as shares try to rebound from the 15.1 percent slide suffered from late-March through last-Friday — when the exchange released monthly volume statistics for May. Earnings were last reported on 5/1 and today’s increased call activity comes ahead of a presentation at a Sandler O’Neill Exchange and Broker Conference this Friday.
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.