Cboe Reintroduces Binary Options Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: seekingalpha
- Binary Options Return: Cboe Global Markets has reintroduced binary options, allowing customers to choose whether the S&P 500 will hit a specific threshold in the near term, aiming to attract new participants to the options market.
- Product Availability: Initially available through Interactive Brokers Group, these options will soon be offered by other intermediaries, including Charles Schwab, indicating Cboe's proactive response to market demand.
- Historical Context: Cboe first listed binary options in 2008 but withdrew them due to lack of investor interest; this reintroduction reflects the company's adaptation to changing market conditions and renewed confidence.
- Competition and Trends: With the rise of prediction market platforms like Kalshi and Polymarket, Cboe's new product may compete with Nasdaq's binary index options contracts, further driving market innovation.
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Analyst Views on CBOE
Wall Street analysts forecast CBOE stock price to rise
8 Analyst Rating
2 Buy
5 Hold
1 Sell
Hold
Current: 245.080
Low
240.00
Averages
290.86
High
317.00
Current: 245.080
Low
240.00
Averages
290.86
High
317.00
About CBOE
Cboe Global Markets, Inc. is a derivatives and securities exchange network delivering trading, clearing, and investment solutions. The Company provides trading solutions and products in equities, derivatives, and foreign exchange (FX). Its segments include Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, as well as on the stocks of individual corporations and on exchange-traded products (ETPs) such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs), which are multi-listed options and listed on a non-exclusive basis. The North American Equities segment includes United States equities and ETP transaction services that occur on fully electronic exchanges. The Europe and Asia Pacific segment includes derivatives transaction services, ETPs, including exchange-traded funds, exchange-traded notes, exchange-traded commodities, and international depository receipts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Webcast Availability: The conference call will be available via live audio webcast on Cboe's Investor Relations section, allowing global investors to access real-time information, with a replay expected shortly after the call ends to ensure widespread information dissemination.
- Company Background: Since launching the world's first listed options exchange in 1973, Cboe has continuously innovated in equity and index derivatives, establishing itself as a leading global market operator that offers diverse trading and investment solutions.
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- Lockup Period Impact: As insiders begin to unlock shares in the coming weeks, downward pressure on the stock price is anticipated, with analysts noting that the timing of these unlocks could contrast with the buying pressure from index inclusion, creating short-term uncertainty.
- Volatility Expectations: Cboe's senior vice president Kinahan warns investors to prepare for a potential $20 move over the next 11 days, emphasizing that while index inclusion may bring buying, the high volatility in the market still requires caution.
- Market Reaction Analysis: Analysts generally believe that the impact of Nasdaq-100 inclusion is underestimated; however, due to the small float, the buying demand from ETFs and mutual funds may have a limited effect on the stock price in the short term.
See More
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- Market Potential: As an emerging financial instrument, binary options could attract more investors, enhancing Cboe's market share and trading volume, thereby strengthening its position in the competitive exchange landscape.
- Regulatory Challenges: Securing SEC approval will involve rigorous regulatory scrutiny, requiring Cboe to ensure that its products comply with all relevant regulations to avoid potential legal risks.
- Strategic Implications: This move not only helps Cboe diversify its product offerings but also has the potential to drive revenue growth, further solidifying its leadership position in the global financial markets.
See More
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- Market Volatility Insight: Rogers noted that the current AI craze is causing significant short-term volatility in the market, suggesting that the overall market is overvalued and value investors are facing challenges, reminiscent of the conditions leading up to the internet bubble burst.
- Financial Services Outlook: He pointed to Lazard and Carlyle Group as financial stocks worth watching in the current macroeconomic backdrop, despite their respective declines of 16% and 29% this year, indicating that there are still investment opportunities in undervalued stocks, particularly with Lazard's strong management team.
- Strong Performance of Small-Caps: Rogers also mentioned that other Chicago-based small-cap stocks like Littelfuse and Knowles have surged approximately 89% and 90% this year, respectively, highlighting the robust performance of small-cap stocks in the current market environment, which is attracting investor interest.
See More
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- Uncertain Rate Outlook: Goolsbee refrained from making clear predictions about future interest rates, emphasizing the need to reduce forward guidance to avoid excessive speculation on rate paths, a strategy aimed at enhancing market confidence in Fed policies and reducing uncertainty.
- Market Expectation Shifts: Markets anticipate a potential rate hike by the Fed in September, although Goolsbee remains cautious, stressing that the current monetary policy is well-positioned to achieve the long-term 2% inflation target, reflecting a focus on economic stability.
- Future Inflation Forecast: New York Fed President Williams expects inflation to decrease from the current 4.1% to 3.5%, gradually returning to the 2% target by 2028, indicating the Fed's confidence in economic recovery and its firm commitment to controlling inflation.
See More
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- Economic Data Releases: Initial jobless claims are expected at 223,000, durable goods orders are projected to drop by 4%, and the third reading of GDP is anticipated at 1.7%, which could significantly impact market sentiment and lead to stock volatility.
- Restaurant Sector Performance: Darden Restaurants has risen over 6% in the past three months, indicating a recovery in the dining industry, while McCormick's stock has fallen more than 8%, reflecting market concerns about its future performance.
- Tech Stock Dynamics: Micron Technology's stock rose 16% in after-hours trading after beating Wall Street estimates, highlighting the ongoing impact of memory and storage supply shortages, with industry supply expected to gradually improve by 2028.
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