Henry Schwartz(He/Him) • 1stSr. Director, Head of Product Intelligence, Data & Access Solutions at Cboe Global Markets1h •
- 1 hour ago
Did you know 28.7 million FLEX option contracts traded in the first half of 2022 with record average daily open interest of 2.87M contracts? Volume is 52% above the same period in 2022 while OI is 27% higher. Use-cases for these bespoke strike, expiry, and expiration-style contracts include reversal/conversions for delta-one desks, European-style calls to eliminate dividend complications, and frequent complex-orders for defined outcome ETFs. Innovations from exchanges and vendors are drawing new participants while flex analytics continue to improve, adding transparency to the segment.