This week’s Momentum Trader Alert recommendation is a bet on a booming financial exchange through CBOE Holdings, Inc. (CBOE).
Based in Chicago, Illinois, CBOE Holdings operates as the holding company for the Chicago Board Options Exchange (CBOE), which is an options exchange that operates as an organized marketplace for the trade of standardized, listed options on equity securities.
CBOE offers equity, index and exchange-traded fund (ETF) options, including proprietary products such as S&P 500 options (SPX) and options on the CBOE Volatility Index (VIX).
On Friday, BlackRock, the world’s largest asset manager and issuer of ETFs, announced that it will move 30 of its iShares-brand ETFs to CBOE Holdings Inc.’s exchange.
CBOE Holdings, Inc. (CBOE) versus the S&P 500 year to date.
Momentum Trader Alert Analysis
Buy CBOE Holdings, Inc. (CBOE) at market today and place your stop at $85.00.
If you want to play the options, I recommend the CBOE September $90 calls (CBOE170915C00090000), which last traded at $3.60 and expire on Sept. 15.
Nicholas A. Vardy