CBOE to List VIX 'Weeklys' Options Beginning October 8

http://snip.ly/6Ccs#http://ir.cboe.com/press-releases/2015/31-07-2015a.aspx

 

That's great. Another opportunity to collect short term premium.

 

I wonder if it will be an AM or PM settlement.

 

I would like to see weekly's go away, do we really need an expiration every Friday?

 

My clients find the weeklies are more interesting than the monthly options. They do a lot of volume in these. The weekly VIX options will be very popular.

 

I do a lot in the weeklies as well. For certain strategies, it's huge to have 5 bites at the apple every month instead of one.

This is a CBOE product. Will it be Section 1256?

 

Yes ....... Good for buyers and sellers. It's nice to place trades a few days in duration and take the loss or profit quickly.