Volatility Spurs Investors to Seek Refuge in Cboe’s Short-Dated Options
- Exchange operator says contracts surged to a record in 2022
- ‘The momentum has been substantial,’ Cboe’s Adams says
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Last year’s market swings and uncertainty have caused investors to change betting strategies, extending last year’s record demand for Cboe Global Markets Inc.’s newest options offerings.
The exchange operator’s options that track the S&P 500 and expire in 7 days or less reached record volumes in 2022, executives said. The shorter-dated options are Cboe’s most popular derivatives products, and trading in these options on the day of expiration — known as “zero-day to expiry” — represents its fastest-growing segment. The company expects investor demand to continue in the new year.