Chicago Board Options Exchange

The Chicago Board Options Exchange (CBOE) is a marketplace where investors buy and sell options contracts, which give the right to buy or sell a stock at a specified price before a certain date. It provides a regulated environment for trading these financial instruments, helping investors hedge risk or speculate on market movements. Founded in 1973 in Chicago, CBOE is one of the largest options exchanges globally, offering a platform that supports various trading strategies and enhances market efficiency.