CBOE, C2 & CFE Good Friday Holiday Trading Schedule

We have another long weekend coming up.  A week from tomorrow, Friday April 3rd is Good Friday.

Thursday, April 2nd will have regular trading hours for all products at CBOE, C2 and CFE.

Friday April 3rd, CBOE and C2 are closed for business, so there will be no Stock, ETF or Index option trading on that date.  Regular trading will resume Monday morning.

On Thursday evening April 2nd, CFE opens its extended trading session at 3:30pm CDT for VIX (VX) Futures and will close at 8:15am Friday, April 3rd.  Extended trading hours begins again Sunday evening at 5:00pm.  VXTYN will have an abbreviated trading session on Friday, April 3rd from 7:00 a.m. to 10:15 a.m. CDT.
Trades in both the Thursday and Friday extended sessions will be submitted for clearing on the Business Day of Monday, April 6, 2015. Trading will be closed for all CFE products other than VIX and VXTYN futures on Friday, April 3, 2015.

To recap, regular trading hours on Thursday April 2nd on everything.  No option trading Friday April 3rd at CBOE or C2.  Trading in extended hours sessions at CFE Thursday night and Friday morning in VIX Futures, VXTYN  abbreviated session Friday morning.  All extended hours trades clear in Monday session).

Have a good Easter.

History of Good Friday trading:

The Council of Nicaea (A.D. 325) set the date of Easter as the Sunday following the paschal full moon, which is the full moon that falls on or after the vernal equinox (~March 21).  Good Friday is the Friday before Easter. More than you wanted to know, but that’s why Easter is a “moveable holiday” like Labor Day or Memorial Day.

The New York Stock Exchange has been closed every Good Friday for over 150 years, with the exception of 1898, 1906, and 1907. The Friday before Easter is the only non-federal holiday observed by the NYSE.

Urban myth says that those times the market was open on Good Friday that the market crashed.  It’s a great story but it’s not true.  Good Friday in 1907 was actually an up-day, but right in the middle of a 9-month bear market with several panic trading days.

The real reason may be that many Christians went to religious services on Good Friday.  Brokers and exchanges thought that there would be little trading on that day, as well as their employees asking for the afternoon off to attend those services. Passover is the same weekend in 2015.

So the answer is… no one knows, we’ve always been closed on Good Friday