Glen, Mike, and Jermal walk through some volatility metrics around popular USD pairs, and find some surprising datapoints.

Glen, Mike, and Jermal walk through some volatility metrics around popular USD pairs, and find some surprising datapoints.

Rob Hocking, Global Head of Derivatives at CBOE, joins Liz Dierking and Jenny Andrews and shared striking statistics on retail traders' impact on options markets. Over 90% of SPX Zero DTE volume comes through retail broker platforms, with individual investors representing approximately 55-60% of total volume. "If only 4-8% of retail platform users have options access today, then it has to be in its infancy," Hocking noted, highlighting the market's growth potential. SPX options volume has surged from 1.5 million contracts daily before Zero DTE to approximately 4.2 million currently. Hocking also discussed CBOE's new MAG10 product—a cash-settled index based on the Magnificent 7 plus AMD, Broadcom, and Palantir—designed to give traders more focused tech sector exposure without single-name delivery concerns.

Rob Hocking, Global Head of Derivatives at CBOE, joins Liz Dierking and Jenny Andrews and shared striking statistics on retail traders' impact on options markets. Over 90% of SPX Zero DTE volume comes through retail broker platforms, with individual investors representing approximately 55-60% of total volume. "If only 4-8% of retail platform users have options access today, then it has to be in its infancy," Hocking noted, highlighting the market's growth potential. SPX options volume has surged from 1.5 million contracts daily before Zero DTE to approximately 4.2 million currently. Hocking also discussed CBOE's new MAG10 product—a cash-settled index based on the Magnificent 7 plus AMD, Broadcom, and Palantir—designed to give traders more focused tech sector exposure without single-name delivery concerns.