Thursday April 14 2022
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: US
Link: https://bit.ly/3JHg7fC
On 13th April 2022, Cboe Global Markets, Inc (Cboe: CBOE) announced that it will list S&P 500 Index (SPX) Weeklys options with Tuesday expirations beginning Monday, April 18th, and Thursday expirations beginning Wednesday, May 11th. These new listings build on the success of Cboe’s popular SPX Weeklys options, which currently include Monday, Wednesday and Friday expiries, and will expand the product suite to provide expirations every trading day of the week.
Since launch, SPX Weeklys options have grown to become one of Cboe’s most-actively traded products. A total of 247 million SPX Weeklys options contracts were traded in 2021, with an ADV of more than 981,000 contracts, accounting for nearly 72 percent of total SPX options trading volume.
Cboe has received positive feedback from a broad range of market participants, including banks, broker-dealers, market makers and trading firms, that are existing users of SPX Weeklys options and expected to help contribute to the provision of liquidity in the new Tuesday and Thursday expiring SPXW options at launch.
SPX Weeklys and standard SPX options trade during global and regular trading hours, allowing market participants globally to adjust their positions and manage risk around the clock, on every business day.
Click on the above link for further information