Chicago Board Options Exchange

The Chicago Board Options Exchange, founded in 1973, is the creator of listed options and the nation's largest options marketplace. CBOE is the industry leader in product innovation, having created equity options, index options, LEAPS^®, and, more recently, Options on VIX® - CBOE's widely followed investor "fear gauge." In 2006, CBOE received three major awards in recognition of continued leadership in ground breaking new product development. CBOE was named "Exchange of the Year, North America" by Structured Products magazine; "Best Derivatives Exchange in 2006" by Global Finance; and VIX options was awarded the "Most Innovative Index Derivative Product" at the 2006 Super Bowl of Indexing Conference.

Last year, CBOE handled over one-third of all industry volume through its unique Hybrid Trading System, which allows customers to choose between the efficiency of the screen or the added customer service benefit found in floor trading. This "best of both worlds" approach, combined with an unparalleled range of products and deep market liquidity, makes CBOE the Exchagne of choice for many options investors. Currently, CBOE trades options on more than 1,900 individual options, 21 broad- and sector- based indexes, 90 exchange-traded funds and 4 interest rate products. CBOE, long at the forefront of options education and advocacy, is also home to the world-renowned Options Institute and CBOE.com, the Exchange's award winning website.

Breakout Sessions

Managing the Trade: Critical Steps to Define Your Risk & Reward in Options Trading

Price Headley, Founder, Big Trends - sponsored by CBOE
One of the biggest mistakes many options traders make is setting their price target and then buying the option that will make them the most money if the price target is reached. In the majority of cases, such best-case hopes yield to the reality of many other scenarios that can play out. Generally, the successful trader needs to factor in many elements into the proper choice of the option: from time and volatility, to the amount to invest, to how to manage the trade once you have entered to get the maximum potential relative to a defined risk. In this presentation Price Headley will help show you how to better define reward relative to risk, and how making the proper options choice may greatly impact your ability to follow your trading method more consistently over time.

Trading Predictions and Option Strategies

Jim Bittman, CBOE
This interaction of market prognosticators and option strategists offer trading ideas, lively discussion and audience participation. Trading ideas for the current market will be presented by Price Headley and Fari Hamzei, while potential strategies will be discussed by marty Kearney and JIm Bittman.