CBOE Holdings, Inc. engages in the operation of trading market. It primarily offers options market and offers trading in listed options through a single system that integrates electronic trading and traditional open outcry into a single exchange known as Hybrid trading model. It provides options on various market indexes in an exclusive basis, and futures contracts, as well as on non-exclusive multiply-listed options such as options on the stocks of individual corporations, and options on other exchange-traded products including exchange-traded funds and exchange-traded notes. The company was founded on 1973 and is headquartered in Chicago, IL.
Put trades that are bought on or above the market's asking price OR call trades that are sold on or less than the market's bid price - expecting a move to the downside.