Chicago Board Options Exchange (CBOE)

The Chicago Board Options Exchange (CBOE) is one of the world's largest options trading markets, where investors buy and sell options contracts—agreements giving the right to buy or sell an asset at a specified price before a certain date. It provides a platform for risk management, speculation, and income strategies on various securities, primarily stocks and indexes. Established in 1973 in Chicago, the CBOE is known for popularizing equity options and introducing innovative products, helping investors manage their portfolios more effectively while providing liquidity and transparency in the options markets.