Chicago Board Options Exchange: CBOE Creates "Weeklys": First Short Term Options Will Launch on Friday, October 28, 2005; Based on SPX
9th Sep 2005, 22:52 GMT
CHICAGO, IL and BUERGENSTOCK, SWITZERLAND (MARKET WIRE) The Chicago Board Options Exchange (CBOE) today announced that it will launch a new type of option, "Weeklys," on Friday, October 28, 2005. Weeklys will have a life of one week, listing on a Friday, and expiring the following Friday, thus providing an efficient way to trade options specifically around certain news or events -- such as economic data or earnings announcements.
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