Marty Kearney

Marty Kearney

Mr. Kearney began his long association with the CBOE when he became an independent Market Maker in early 1981. Mr. Kearney traded options full time on the trading floor until 1992 and periodically thereafter until 1996. In early 1992 he became a founding partner and Registered Options Principal of a brokerage firm based in Chicago, a member firm of the CBOE. Mr. Kearney’s responsibilities included development and implementation of hedging and trading strategies using listed options for their institutional clients as well as their retail investors. Mr. Kearney is the co-author of Understanding LEAPS®, published by McGraw-Hill, September 2002. He has been a regular contributor to many news services including Reuters, Derivatives Week, BARRON’S, CNBC, Bloomberg, Group W, The CBS Radio Network, FORTUNE, Ticker Magazine, Stock Futures and Options, BBC TV and Radio, NPR, and others. Mr. Kearney served on various committees at the CBOE, including the Arbitration Committee from 1984 to 1996. Prior to joining the CBOE Mr. Kearney was a marketing director for NCR Corporation. Mr. Kearney is a graduate of St. Mary’s University (MN), BS, 1971, and pursued his MBA at Lake Forest Graduate School of Management. In 2006 he completed a 3-year SII/SIA program at the Wharton School of the University of Pennsylvania.

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LEAPS® for Stocks and ETF’s to be Added for 2017

We received two questions last week from investors regarding the listing of 2017 LEAPS® options for stocks and ETF’s.  The listing of LEAPS used to happen in the early summer for dates going out ~30 months.  The listing of LEAPS was pushed back a few months because our data showed they didn’t trade very much [...]

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Blogging Options: CBOE Morning Update 7.17.14

Overseas markets reeling after new Russian financial sanctions.  June Housing Starts with a huge miss (by ~125k) and May starts revised lower by 25k not helping stock futures in US.  10-year back below 2.5%.  20k VIX Futures trade i early session.  Volatility as an asset class eBay (EBAY) is up 60c to $51.30 in the [...]

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Blogging Options: CBOE Morning Update 6.26.14

May Income reported as up 0.4% and Spending higher by 0.2%. PCE Deflator showing a little more inflation.  Futures mixed.  World Cup Fever starts 11:00am CDT.  Good article yesterday here on SKEW Index from Matt Moran, a must read.  Volatility as an asset class: Lennar (LEN) is up $0.30 to $41.82 in the premarket after [...]

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2016 Index & ETF LEAPS To Be Added

On June 25, 2014, trading will begin for June 2016 LEAPS in the following Index and exchange traded fund (ETF) option products: DJX (Dow Jones Industrial Average) MNX (Mini-NASDAQ 100 Index) NDX (NASDAQ 100 Index) OEF (iShares on the S&P 100 Index Fund) OEX (S&P 100 Index with American Exercise) RUT (Russell 2000 Index) SPX [...]

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CBOE RMC Returns to Europe This Fall

The annual CBOE Risk Management Conference (RMC) is the premier financial industry conference designed for institutional users of equity derivatives and volatility products.  Now in its 30th year in the U.S., CBOE will be hosting the 3rd annual CBOE RMC Europe September 3 – 5, 2014 in County Wicklow, Ireland (outside of Dublin). CBOE RMC [...]

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VIX to Add Half-Point Strikes in Near-Term

On Thursday, May 29, 2014, CBOE will list half-point strikes in CBOE Volatility Index (VIX) options. The half-point strikes will be listed in the near-term expiration month of June and in the strike price range of 10 to 15 (i.e. 10.5, 11.5, 12.5, 13.5 and 14.5 strikes). CBOE will maintain half-point strikes, as described above, [...]

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“Thanks to a Fine Canadian Doctor…”

(Editors Note: The following are thoughts from a floor trader friend on Memorial Day, who wishes to remain anonymous.  We ran this blog last year going into Memorial Day and received several nice comments.  We hope you enjoy it). “Memorial Day” was called “Decoration Day” many years ago. It originated after the Civil War to [...]