Cboe (CBOE) Is Up 12.1% After Extending S&P 500 Options License And Unveiling KPI Binaries

Cboe Global Markets and S&P Dow Jones Indices recently extended their exclusive licensing agreement for S&P 500 Index options through 2051, while Cboe also outlined plans to launch SEC-regulated binary contracts tied to company-specific KPIs, initially covering 23 major U.S.-listed stocks and cleared via its Cboe Clear U.S. unit, subject to regulatory approval. This combination of a long-term SPX options lock-in and experimental KPI binary contracts could reshape Cboe’s mix of proprietary...