A Reversal for CBOE Holdings, Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for CBOE Holdings, Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session CBOE Holdings, Inc (CBOE) registered an unusually high (2,078) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious CBOE increase. With 2,078 contracts traded and 22114 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: CBOE161216C00065000 closed last at: $2.25 or 114.3% up. About 90,149 shares traded hands. CBOE Holdings, Inc (NASDAQ:CBOE) has risen 5.46% since April 11, 2016 and is uptrending. It has underperformed by 0.69% the S&P500.

CBOE Holdings, Inc (NASDAQ:CBOE) Ratings Coverage

Out of 17 analysts covering CBOE Holdings Inc (NASDAQ:CBOE), 4 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 24% are positive. $82 is the highest target while $52 is the lowest. The $64.08 average target is -4.93% below today’s ($67.4) stock price. CBOE Holdings Inc has been the topic of 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded CBOE Holdings, Inc (NASDAQ:CBOE) rating on Tuesday, December 8. Barclays Capital has “Underweight” rating and $59 price target. The rating was downgraded by Bank of America to “Underperform” on Thursday, August 11. As per Tuesday, October 11, the company rating was upgraded by Evercore. CLSA downgraded the shares of CBOE in a report on Monday, February 8 to “Underperform” rating. Barclays Capital maintained CBOE Holdings, Inc (NASDAQ:CBOE) rating on Tuesday, August 11. Barclays Capital has “Equal Weight” rating and $56.0 price target. The stock of CBOE Holdings, Inc (NASDAQ:CBOE) has “Neutral” rating given on Wednesday, January 6 by UBS. The rating was maintained by Wood with “Market Perform” on Wednesday, September 9. The stock of CBOE Holdings, Inc (NASDAQ:CBOE) earned “Neutral” rating by Credit Suisse on Tuesday, September 27. Deutsche Bank maintained CBOE Holdings, Inc (NASDAQ:CBOE) rating on Wednesday, October 5. Deutsche Bank has “Hold” rating and $70 price target. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, October 2 report.

According to Zacks Investment Research, “CBOE Holdings, Inc. operates as the holding company for Chicago Board Options Exchange (CBOE), which is an options exchange which operates as an organized marketplace for the trade of standardized, listed options on equity securities. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), and options on the CBOE Volatility Index (VIX). Other products engineered by the Company include equity options, security index options, LEAPS options, FLEX options, and CBOE S&P 500 BuyWrite Index (BXM). Its Hybrid Trading System incorporates electronic and open outcry trading, enabling customers to choose their trading method. CBOE’s Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE Holdings, Inc. is based in Chicago, Illinois.”

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.
Barclays Pcl holds 17,680 shares or 0% of its portfolio. Renaissance Techs Ltd Llc holds 0.57% of its portfolio in CBOE Holdings, Inc (NASDAQ:CBOE) for 4.51M shares. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.01% in CBOE Holdings, Inc (NASDAQ:CBOE). D E Shaw Company has invested 0.01% of its portfolio in CBOE Holdings, Inc (NASDAQ:CBOE). Amalgamated Bancshares last reported 14,156 shares in the company. Kanaly Trust Co reported 510 shares or 0.01% of all its holdings. New York State Teachers Retirement System last reported 0.01% of its portfolio in the stock. Schwab Charles Investment Mngmt holds 0.03% or 313,192 shares in its portfolio. Westpac Corp last reported 0% of its portfolio in the stock. California State Teachers Retirement Systems holds 0.02% or 171,275 shares in its portfolio. State Of Alaska Department Of Revenue last reported 0.06% of its portfolio in the stock. Hollencrest Limited Liability Corp accumulated 6,786 shares or 0.07% of the stock. Denver Inv Advisors Ltd Co, a Colorado-based fund reported 51,600 shares. Prudential Public Limited Com, a Illinois-based fund reported 3,100 shares. Jacobs Levy Equity Management last reported 0.12% of its portfolio in the stock.

Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 5 sales for $2.42 million net activity. Shares for $313,550 were sold by BRODSKY WILLIAM J. O’Connell Gerald T sold $969,085 worth of stock. 6,250 shares with value of $424,125 were sold by Tilly Edward T on Monday, September 12.

CBOE Holdings, Inc. is a holding company. The company has a market cap of $5.60 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 28.93 P/E ratio. The Firm operates over three stand-alone exchanges.

CBOE Company Profile

CBOE Holdings, Inc., incorporated on August 15, 2006, is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options), 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). The Firm operates over three stand-alone exchanges. The Company’s subsidiary, Chicago Board Options Exchange, Incorporated (CBOE), is its options market that offers trading in listed options through a single system that integrates electronic trading and open outcry trading.

More important recent CBOE Holdings, Inc (NASDAQ:CBOE) news were published by: Prnewswire.com which released: “CBOE Holdings Reports October 2016 Trading Volume” on November 02, 2016, also Prnewswire.com published article titled: “CBOE Holdings Reports Solid Third-Quarter Results”, Equitiesfocus.com published: “Dividend Payout Of CBOE Holdings, Inc. (NASDAQ:CBOE) At $0.25” on November 10, 2016. More interesting news about CBOE Holdings, Inc (NASDAQ:CBOE) was released by: Prnewswire.com and their article: “CBOE Holdings Declares Fourth-Quarter 2016 Dividend” with publication date: October 26, 2016.

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