The CBOE is expanding their Weekly Options program. These are options that have a duration of 1 week, hence "Weeklys". Recently, the CBOE changed the issuing of new weekly options so that they begin trading every Thursday and expire the following Friday.
Several major indexes have these options available, such as the SPX and OEX. Newly added are some major equities -- the latest CBOE data shows the following stocks and ETFs are now available on weekly options:
Stocks: AAPL, ABX, AMZN, BAC, BIDU, BP, C, F, GOOG, GS, POT, XOM
ETFs: EEM, FAS, FAZ, GLD, IWM, QQQQ, SPY, XLF
Indices: OEX, EO, DJX, SPX.
The volume on the weekly options is not a huge factor at this time, although for the OEX it has become fairly popular. The availability of quotes for these options is still limited on many of the large broker quote/trading software, which will greatly limit the amount of public trading and interest we will see.
New developments occur all the time in the trading arena and some catch on more than others -- for example, futures on individual stocks have not made a large impact thus far. At this time, we'll be continuing at BigTrends to focus on the more popular Monthly options due to the larger liquidity, open interest and holding periods.
Several major indexes have these options available, such as the SPX and OEX. Newly added are some major equities -- the latest CBOE data shows the following stocks and ETFs are now available on weekly options:
Stocks: AAPL, ABX, AMZN, BAC, BIDU, BP, C, F, GOOG, GS, POT, XOM
ETFs: EEM, FAS, FAZ, GLD, IWM, QQQQ, SPY, XLF
Indices: OEX, EO, DJX, SPX.
The volume on the weekly options is not a huge factor at this time, although for the OEX it has become fairly popular. The availability of quotes for these options is still limited on many of the large broker quote/trading software, which will greatly limit the amount of public trading and interest we will see.
New developments occur all the time in the trading arena and some catch on more than others -- for example, futures on individual stocks have not made a large impact thus far. At this time, we'll be continuing at BigTrends to focus on the more popular Monthly options due to the larger liquidity, open interest and holding periods.