Cboe Global Markets Stock Eyes Upside After Selloff

The options landscape remains constructive

Jun 12, 2026 at 2:16 PM

CBOE

Subscribers to Schaeffer's Weekend Trader options recommendation service received this CBOE commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Cboe Global Markets Inc (NYSE:CBOE) recently sold off on news that prediction market platform Polymarket is seeking CFTC approval, sparking concerns about increased competition. The sharp pullback dragged shares back toward their March lows, though the stock found support at its 200-day moving average and +10% year-to-date level.

CBOE June 5

The options landscape remains constructive. Put support has emerged at the 270 strike, where the shares recently bounced, while max pain levels continue to trend higher through the summer months. Meanwhile, CBOE's 50-day buy-to-open put/call ratio sits in the 73rd percentile of readings from the past year, indicating options traders are more bearish than usual. This leaves ample room for pessimism to unwind should the stock resume its longer-term uptrend.

Our recommended call option has a leverage ratio of 6.5 and will double on a 16.7% rise in the underlying equity.

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