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In today’s volatile market environment, investment advisors are increasingly turning to listed options and volatility tools to manage risk, fueling demand for capital-efficient protection.
Implied volatilities were mixed across major asset classes last week as hotter-than-expected September CPI and PPI reports revived Fed rate-hike fears and collided with mounting worries about debt-funded AI spending. Learn more in this week's Macro Volatility Digest.
Every quarter, hundreds of companies report earnings results within a compressed window, and the market's reaction can be swift and significant. For traders holding stock, that means binary outcomes with full exposure to a potential move in either direction.
Options activity moderated in the third quarter of 2026 as macroeconomic factors including higher interest rates and energy costs impacted equities. Market-wide average daily option volume (ADV) was 70.6 million contracts daily, four percent below the record levels seen in the second quarter.
September was a strong month for Cboe’s Global Derivatives business with a quarterly multi-list Average Daily Volume (ADV) of 15.3 million contracts across its four options exchanges, the second-best multi-list quarter.
Economic events can create some of the most compelling trading environments of the year – sharp, news-driving moves with defined timelines. Inflation reports, jobs data, and Federal Open Market Committee (FOMC) decisions can move markets, and with the right tools, like options, they can be traded with similar precision and defined risk that equity traders apply to earnings.
In September 2026, Cboe FX Spot Average Daily Volume (ADV) reached $61.6 billion, a 25.6% increase versus September 2025's ADV of $49.1 billion.
Total Consolidated Volume (TCV) averaged 16.9 billion shares in September, up slightly from August but down from June’s historical high of 23.3 billion shares.
Although European equity trading volumes declined from July levels, it was the strongest August on record, with trading activity shifting towards closing auctions following the MSCI rebalance.
