Cboe Extends Trading in 20 Mega-Cap Stock Options by 2 Hours
Updated
Updated · The Motley Fool · Jul 13
Cboe Extends Trading in 20 Mega-Cap Stock Options by 2 Hours
3 articles · Updated · The Motley Fool · Jul 13
Summary
Cboe plans to open trading in about 20 multi-exchange mega-cap stock options at 7:30 a.m. ET and keep it running until 4:15 p.m. ET on weekdays.
The earlier start covers the Magnificent Seven plus names such as Broadcom, Palantir and AMD, giving investors a way to trade key single-stock options before the broader market opens.
Cboe is betting the move will lift fee revenue as single-stock volatility stays elevated: its VIXEQ is around 50, while the broader VIX sits near 15.
That backdrop helped drive a record first quarter, with revenue up 29%, earnings up 54% and options revenue up 33%, underscoring why longer hours could cushion growth when broader market volatility cools.