Matt McFarland

Matt McFarland

Director, CBOE

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Election Night Option Liquidity

CBOE’s Extended Trading Hours (ETH) options session reached a significant milestone in the wake of the surprising U.S. election results, surpassing 100,000 contracts for the first time on November 9. CBOE introduced the ETH options session in 2015 on our SPX and VIX products. The primary motivation for offering these products during off-market hours was […]






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Reverse Convertibles or Flex® Put Sale?

In today’s low interest rate environment, reverse convertibles have been popular in the structured note market as they are one avenue where investors can achieve outsized yields. Reverse convertibles are structured notes, typically on single stocks, where the investor receives periodic coupon payments, but runs the risk of purchasing shares at above-market levels at maturity.