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Tag Archives: SPXpm

JLN Options: Options Week in Review March 7, 2013 Newsletter,Options

Bank of America bought 150,000 shares of Constellation Brands, a wine and beer seller, a few days before Constellation announced an acquisition in which the bank was the lead lender, The Wall Street Journal reported.  The bank made a big profit from the trade, which helped push the volume in the beverage maker’s options to more than 13 times the average volume of the previous 30 days. Bank of America said that in addition to the call position, it also bought put options on 133,100 Constellation shares as part of a directionally neutral strategy. However, the bank’s loss from the…

JLN Options: CBOE To Introduce CBOE Low Volatility Index Newsletter,Options

LEAD STORY CBOE To Introduce CBOE Low Volatility IndexFeatures Lower Downside Volatility Plus Upside ParticipationCBOE Press Release The Chicago Board Options Exchange (CBOE) announced today that it will begin disseminating values for a new benchmark index, the CBOE Low Volatility Index (ticker: LOVOL) tomorrow, Friday, November 30.The CBOE LOVOL Index is designed for investors whose preferences have shifted from investing in riskier assets to lower-volatility assets. The new index aims to provide investors with the ability to replicate an investment strategy that is subject to less downside volatility in a portfolio of S&P 500® stocks, while still preserving the bulk…

John Lothian News Top Stories of 2011 Blog,Environmental/Energy,Financials,Managed Futures,Metals,Options,Regulation,Tech / HFT

John Lothian

We’ve created a list of the five most influential stories of 2011 for each of our newsletters, as well as from MarketsReformWiki, to help define what was a very eventful year across almost every market and industry sector. The year was punctuated by one major story inside another. The bankruptcy of MF Global, which requires its own top five list, became tied to another top story, the European sovereign debt crisis sequel – Greece and Italy. Of course, the downgrade of U.S. debt in August and assorted European states raised the ire of politicians and regulators who called for more…

Commentary: SPXpm Options Launch on C2 Commentary,Options,Tech / HFT

Sarah Rudolph

Today is the long-awaited launch of the new SPXpm options on C2, the all-electronic second options exchange created by the CBOE.  The contracts are similar to the CBOE’s benchmark S&P 500 Index options, except that they are electronically traded, are cash-settled, and have a p.m. settlement and European-style expiration. Until today, SPX options were principally traded only on the CBOE floor, and many in the industry saw this launch as C2’s raison d’être. The CBOE is hoping to broaden its customer base with the contracts, which they hope will attract more retail traders.  The contracts are designed to compete with…