CBOE Cboe Global Markets Inc

Recall when $CBOE was getting killed over the narrative that Perps would kill its business - Algos only read headline, analysts create narratives, & winners understand the business & follow the money

$CBOE $24KUP today on shares so how many shares is that remember when people were scared of something called "hype"

$CBOE From 371 in mid-May to 231s at the end of June to 313s now. But this is also where it met resistance July 31/Aug 27 so I wouldn’t fault you for taking profits here.

$CBOE first reaction good to numbers and not selling off on $HYPE.X / $ICE deal Is a good sign versus the summer swoon (long)

$CBOE delivered Q3 '26 net revenue of $712M (+18% YoY) and adj. EPS of $3.63 (+36%). Adj. EBITDA margin expanded 580 bps to 73.3%, with EBITDA +28% to $522M. FY26 organic revenue guidance raised to high teens; Data Vantage outlook lifted to mid-teens. SPX 0DTE retail volume +46% YoY. Catalysts in play - 25-year exclusive S&P license extension through 2051. - KPI event contracts targeted for November launch. - Cboe Clear U.S. SEC registration enables new clearing products. - XSP volumes doubled; SPX 0DTE demand accelerated. - Global Trading Hours volume +130% YoY on Asian demand. - Data Vantage +16% excluding Australia. Risks to watch - S&P royalties step up sharply in 2027. - VIX futures activity weak; futures revenue -5% YoY. - KPI event contracts face regulatory and adoption uncertainty. - AI-driven technology costs could pressure spending. - Europe/APAC data and access fees softer. - Extended-hours cash equities launch delayed to December. - Management gave no firm 2027 spending or margin targets

$CBOE The allowance against its Consolidated Audit Trail notes is 44.1 million dollars now, up from 30.1 million at year end after a 14.0 million dollar reserve in Q3. Long term notes receivable, mostly CAT, are down to 76.6 million from 102.1 million. Whether those notes collect runs through the revised CAT funding model the SEC approved in March. Citadel and the ASA are challenging it, with oral argument set for December 17.

$CBOE Q3 '26 Earnings Results & Recap Cboe Global Markets reported Q3 2026 revenue of $1.36B, revenues less cost of revenues of $712.2M, net income of $428.2M, and diluted EPS of $4.08.

$CBOE just getting started any dips I will gladly continue to buy one of the best companies on the planet

$CBOE the volatility here has been mostly ignored by the rest of the market. this "boring stock" is secretly a grower. If it dips we do it all over again. Begging for more $HYPE.X FUD. Below, some recent trades all performed in the last 4-5 weeks. Maybe more eyes will be on this trade now that the cringyness of ai is starting to be more apparent to the Slow learners

$CBOE Morgan Stanley jumped from Underweight to Overweight on Cboe Friday, target 258 to 358. The 25-year S&P options license renewal last month took the contract-expiry overhang off the table, and MS sees the KPI contracts adding upside outside estimates. TD Cowen went Hold to Buy at 334 on Monday. The street is coming around.