The CBOE (Chicago Board Options Exchange) is the primary marketplace where options are traded in the United States. It's where your broker routes your option orders.
A securities exchange dedicated to options trading. Just like stocks trade on NYSE or NASDAQ, options trade on CBOE and other exchanges.
The CBOE handles billions of options contracts annually. It's the largest and most liquid options market globally.
You don't trade on CBOE directly. Your broker connects you to it. When you place an order:
CBOE publishes the VIX, the "fear index" that measures market volatility. VIX spikes on market panic, falls when markets are calm.
CBOE options trade 9:30 AM to 4:00 PM Eastern Time, Monday through Friday.
Related: Options Exchange, VIX Options, VIX, Option Settlement
