Matt Moran

Matt Moran

Matt Moran is vice president of business development for Chicago Board Options Exchange (CBOE), where he communicates with pension funds, mutual funds, and financial advisors. He has delivered more than 200 presentations worldwide on the topics of managing volatility and adding income with option-writing strategies. Previously, he served trust counsel at Harris Bank and vice president at Chicago Mercantile Exchange. He is an associate editor of two Institutional Investor publications — The Journal of Trading and The Journal of Index Investing. Mr. Moran holds JD and MBA degrees from the University of Illinois.

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Record Volume in April for SPX Wednesday-Expiring Weeklys Options

In February CBOE launched S&P 500® Index (SPX) Wednesday-expiring WeeklysSM options. Last month the average daily volume for the “Wednesday Weeklys” rose to a record high of 72,957 contracts. In the February press release CBOE Holdings CEO Edward T. Tilly said – “We are pleased to further expand our SPX product complex with the introduction […]






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Open Interest for VIX Call Options Recently Topped 7.5 Million Contracts

Last week the open interest for call options on the CBOE Volatility Index® (VIX®) surged to more than 7.5 million contacts (see chart below). In a recent article at Bloomberg.com, reporters Joseph Ciolli and Inyoung Hwang wrote – “Going long market turbulence has surged in popularity in the last nine weeks, with investors sending an unprecedented […]






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CBOE Introduces First in a Series of Indexes Designed to Target Investment Outcomes

CHICAGO, IL — April 13, 2016 — Chicago Board Options Exchangeâ (CBOEâ) today announced it has created a series of 13 “Buffer Protect Indexes,” the first in a family of options-based strategy performance benchmarks that are designed to target the outcomes of specific investment strategies. The CBOE S&P 500 Buffer Protect Indexes measure the performance […]






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March 22 Panel at CBOE on Accessing the Volatility Risk Premium with Cash-Secured Put Writing

Presentations and a panel discussion on the topic of – Accessing the Volatility Risk Premium with Cash-Secured Put Writing will occur on Tuesday March 22, 2016 from 5:00 PM to 6:45 PM at Chicago Board Options Exchange (CBOE), 400 So. La Salle St., (enter on Van Buren Street), Chicago, 60605   http://bit.ly/CAIA-March22 ISSUES Issues to be discussed include – […]






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Open Interest for Options on MSCI Emerging Markets Index (MXEF) Grows to 9,855 Contracts

Open interest for options on the MSCI Emerging Markets Index (MXEF)<http://www.cboe.com/micro/msci/mxef/default.aspx> grew from 98 contracts in mid-January to 9,855 contracts yesterday. Over the past year several institutional investors have expressed to me their interest in the potential for a liquid MXEF options contract, particularly because the MXEF options contract is cash-settled and has a notional […]






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New Study by Black and Szado Analyzes Six CBOE Benchmarks – BXM, PUT, BFLY, BXMD, CMBO, CNDR – Since 1986

A new study examines six benchmark indexes that write S&P 500® (SPX) index options, comparing their performances with those of traditional stock, bond and commodity benchmark indexes. The study, “Performance Analysis of CBOE S&P 500 Options-Selling Indices,” is the first comprehensive study that examines the performance of options-strategy benchmark indexes that incorporate iron condor and […]






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SPX Wednesday Weeklys Begin Trading on Feb. 23

Beginning Tuesday, February 23, CBOE will list for trading weekly options on the S&P 500 Index which expire on Wednesdays (“SPX Wednesday Weeklys”). Like other SPXW options, SPX Wednesday Weeklys are series of the SPX option class. Key features of the SPX Wednesday Weeklys include – SPX Wednesday Weeklys may expire on any Wednesday of […]






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New Study on Six Russell 2000 Options-Based Benchmarks Finds Higher Premiums and Risk-adjusted Returns for Certain Indexes

A newly published study examines six benchmark indexes that invest in Russell 2000® Index (RUT) options and compares their performances with those of traditional benchmark stock and bond indexes. This is the first comprehensive study that examines the performance of multiple options-strategy benchmark indexes that incorporate Russell 2000 Index options. Written by Mark Shore, an […]