CBOE Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: CBOE's strategic expansions into crypto ETFs and innovative S&P 500 options signal potential revenue growth, evident from increased call trading volume and bullish risk exceeding bearish across tenors.




Bearish Case: Prevailing market concerns with ongoing tariff tensions and low trading volume suggest potential downside. Elevated implied volatility points to market nervousness and possible negative price pressure.




Potential Outcomes:
  • 70%: Product innovations lift trader volumes.
  • 40%: Insider trading concerns affect sentiment.
  • 30%: Tariff impacts weigh down growth.



April 23, 2025


Cboe Global Markets Forecast

CBOE        Cboe Global Markets











Correlated Assets

Assets that tend to move strongly with CBOE



DUK Forecast + Options Trading Strategies   DUK  Duke Energy (0.94)


ICE Forecast + Options Trading Strategies   ICE  Intercontinental Exchange (0.89)


AGI Forecast + Options Trading Strategies   AGI  Alamos Gold (0.83)


CB Forecast + Options Trading Strategies   CB  Chubb (0.82)


PPC Forecast + Options Trading Strategies   PPC  Pilgrim's Pride (0.81)



Uncorrelated Assets

Assets with little price relationship to CBOE



MOD Forecast + Options Trading Strategies   MOD  Modine Manufacturing (0.0)


SNCY Forecast + Options Trading Strategies   SNCY  Sun Country Airlines (0.0)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.01)


CL Forecast + Options Trading Strategies   CL  Colgate-Palmolive (0.01)


ASAN Forecast + Options Trading Strategies   ASAN  Asana (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against CBOE



SOXL Forecast + Options Trading Strategies   SOXL  Direxion Daily Semiconductor Bull 3X Shares (-0.75)


CLSK Forecast + Options Trading Strategies   CLSK  Cleanspark (-0.76)


ICHR Forecast + Options Trading Strategies   ICHR  Ichor (-0.79)


M Forecast + Options Trading Strategies   M  Macy's (-0.8)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (-0.82)









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