What’s Ahead for CBOE Holdings, Inc After Today’s Bullish Options Activity?


 What's Ahead for CBOE Holdings, Inc After Today's Bullish Options Activity?

In today’s session CBOE Holdings, Inc (CBOE) registered an unusually high (955) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CBOE increase. With 955 contracts traded and 1674 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CBOE170120C00067500 closed last at: $1.65 or 10.8% down. The stock increased 1.64% or $1.08 during the last trading session, hitting $66.84. About 1.39 million shares traded hands or 96.73% up from the average. CBOE Holdings, Inc (NASDAQ:CBOE) has risen 6.13% since March 2, 2016 and is uptrending. It has underperformed by 3.11% the S&P500.

Analysts await CBOE Holdings, Inc (NASDAQ:CBOE) to report earnings on November, 4. They expect $0.60 EPS, down 21.05% or $0.16 from last year’s $0.76 per share. CBOE’s profit will be $49.46M for 27.85 P/E if the $0.60 EPS becomes a reality. After $0.60 actual EPS reported by CBOE Holdings, Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

CBOE Holdings, Inc (NASDAQ:CBOE) Ratings Coverage

Out of 16 analysts covering CBOE Holdings Inc (NASDAQ:CBOE), 3 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 19% are positive. CBOE Holdings Inc has been the topic of 41 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Buckingham Research to “Buy” on Tuesday, September 27. The firm has “Underperform” rating by Bank of America given on Thursday, August 11. RBC Capital Markets maintained the shares of CBOE in a report on Monday, May 2 with “Outperform” rating. As per Friday, October 2, the company rating was maintained by Barclays Capital. Raymond James downgraded the shares of CBOE in a report on Tuesday, December 1 to “Mkt Perform” rating. Barclays Capital maintained CBOE Holdings, Inc (NASDAQ:CBOE) rating on Friday, September 2. Barclays Capital has “Underweight” rating and $52 price target. Wood maintained it with “Market Perform” rating and $67 target price in Wednesday, September 9 report. Deutsche Bank maintained CBOE Holdings, Inc (NASDAQ:CBOE) rating on Friday, January 8. Deutsche Bank has “Hold” rating and $63.0 price target. As per Tuesday, September 27, the company rating was upgraded by Credit Suisse. The stock of CBOE Holdings, Inc (NASDAQ:CBOE) has “Equal-Weight” rating given on Wednesday, August 26 by Barclays Capital.

Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q2. Its down 0.16, from 0.93 in 2016Q1. The ratio worsened, as 35 funds sold all CBOE Holdings, Inc shares owned while 97 reduced positions. 18 funds bought stakes while 84 increased positions. They now own 57.34 million shares or 2.40% less from 58.75 million shares in 2016Q1.
Weaver C Barksdale Inc owns 60 shares or 0.01% of their US portfolio. First Quadrant L P Ca holds 0.2% or 134,300 shares in its portfolio. Blackrock Japan last reported 0.01% of its portfolio in the stock. Spot Trading Ltd Company holds 0.01% of its portfolio in CBOE Holdings, Inc (NASDAQ:CBOE) for 10,000 shares. Louisiana State Employees Retirement accumulated 0.08% or 21,600 shares. Chesley Taft & Assocs Ltd last reported 0.15% of its portfolio in the stock. Moreover, Vantage Inv Advsrs Ltd Liability Com has 0.08% invested in CBOE Holdings, Inc (NASDAQ:CBOE) for 2,968 shares. Commonwealth Of Pennsylvania School Empls Retrmt Systems has 0.02% invested in the company for 15,667 shares. Bluecrest Mgmt Ltd accumulated 0.24% or 87,444 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,240 shares or 0% of the stock. Moreover, State Of Tennessee Treasury Department has 0.02% invested in CBOE Holdings, Inc (NASDAQ:CBOE) for 50,000 shares. Geneva Advsr Ltd Liability has 0.18% invested in the company for 139,686 shares. Ameritas Inv Prns owns 12,870 shares or 0.06% of their US portfolio. State Bank Of America Corp De accumulated 0.01% or 433,868 shares. First Interstate Natl Bank has 0.03% invested in the company for 1,975 shares.

Insider Transactions: Since April 5, 2016, the stock had 0 insider purchases, and 7 insider sales for $2.90 million net activity. $969,085 worth of CBOE Holdings, Inc (NASDAQ:CBOE) was sold by O’Connell Gerald T. REYNOLDS DAVID S had sold 2,500 shares worth $159,825 on Tuesday, April 12. The insider Tilly Edward T sold $402,875. BRODSKY WILLIAM J sold $314,100 worth of stock or 5,000 shares.

CBOE Holdings, Inc. is a holding company. The company has a market cap of $5.51 billion. The Company’s principal business is operating markets that offer for trading options on various market indexes , on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual firms (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). It has a 25.26 P/E ratio. The Firm operates over three stand-alone exchanges.

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