Weekly Options Update: CBOE Adds New Stocks and ETFs

It seems as if the Chicago Board Options Exchange (CBOE) is making weekly changes to its new “Weeklys” options. These are short-term options that are listed each week and that expire in about 7 days, as mentioned in this earlier post.

There’s a link on the CBOE site called “Available Weeklys,” but it makes you download an Excel spreadsheet, so let me save you the trouble.

The following stocks and ETFs now have weekly options available that expire on August 6:

ETFs

EEM – iShares MSCI Emerging Markets Index
FAS – Direxionshares Daily Financial Bull 3X Shares*
FAZ – Direxionshares Daily Financial Bear 3X Shares*
GLD – ishares SPDR Gold Trust
IWM – iShares Russell 2000 Index Fund
QQQQ – Nasdaq-100 Index Tracking Stock
SPY – S&P 500 Depositary Receipts
USO – United States Oil Fund*
XLF – Financial Select Sector SPDR

Stocks

AAPL – Apple
AMZN – Amazon*
BAC – Bank of America
BIDU – Baidu*
BP – British Petroleum
C – Citigroup
CSCO – Cisco Systems*
DNDN – Dendreon*
F – Ford Motor Company
GE – General Electric*
GOOG – Google
GS – Goldman Sachs*
PFE – Pfizer*
RIG – Transocean*

*Indicates new symbols added since I last listed available Weeklys on July 8.

Occasional Weeklys?

There were three stocks with weekly options that expired on July 30, but won’t be listed for August 6:

ABX – Barrick Gold
XOM – Exxon Mobil
POT – Potash Corp. of Saskatchewan

As it turns out, these three companies announced their earnings during the week ending July 30.

And interestingly, the August 6 expiration cycle listed above includes 3 stocks that will announce earnings before the end of this week. These include Dendreon (DNDN), Pfizer (PFE), and Transocean (RIG).

Will these stocks have Weeklys listed for the following week?

Maybe not. Options volume for companies like these are probably far more active as earnings announcements approach.

So for some stocks, perhaps the CBOE is planning to list some weekly options specifically  targeted around quarterly earnings releases, while others will be available every week.

Important Note

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund/ETF’s prospectus contains this and other information, and should be read carefully before investing. To obtain a prospectus, contact the fund or email us at customerservice@zeccotrading.com.