$CBOE April volumes are in - charts below:
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Futures ADV -49% vs. April 2019 - YIKESpic.twitter.com/AuS9M46v74
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Index Options ADV (mostly S&P 500 Options) -7%:pic.twitter.com/cPTbxzwzrn
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Core US Options business up 65%, generally in-line with industry:pic.twitter.com/dT1tc0MDlz
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US Equities ADV up 99% vs. April 2019:pic.twitter.com/0QePVYYcMm
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Market share up as more volume moves from dark pools onto lit exchanges:pic.twitter.com/jqZWcdsBMq
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The futures ADV drop is concerning, and coincides with extremely low open interest in VIX futures:pic.twitter.com/kNWvePQa8D
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My opinion is $CBOE should be avoided until VIX open interest recovers.
8:43 AM - 5 May 2020
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