Chicago Board Options Exchange sees possible Apple index in VIX expansion

“CBOE Holdings Inc may soon offer trading in security futures based on volatility in Apple Inc and other individual stocks, similar to what it does with some of its exchange-traded fund (ETF) volatility benchmarks, the president of the company said on Wednesday,” Reuters reports.

“The parent of the Chicago Board Options Exchange, the largest U.S. options exchange, is home of the Volatility Index , also known as the VIX, which is Wall Street’s favorite barometer of sentiment,” Reuters reports. “CBOE’s suite of volatility products has been an engine of growth in recent years for the exchange operator as investors embrace volatility as an asset class.”

Reuters reports, “Edward Tilly, the company’s president and chief operating officer, said the CBOE would be expanding the VIX product line in the coming months. ‘We have benchmarks on a number of other products,’ he said. ‘I would point out one that is a favorite of mine that I wouldn’t be surprised if I saw us launch in the near future – futures on Apple VIX.'”

Read more in the full article here.

MacDailyNews Take: You lookin’ for volatility? We got your volatility right here.

[Attribution: ValueWalk. Thanks to MacDailyNews Reader “Mac95” for the heads up.]


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