CBOE Global Markets Inc. stock trades under the ticker CBOE & has shown recent bullishness that traders & investors should take a closer look into.
CBOE stock closed at $116.85/share on 4/1/2022.
CBOE Global Markets Inc. CBOE Stock’s Technicals Broken Down
CBOE Stock Price: $116.85
10 Day Moving Average: $115.29
50 Day Moving Average: $116.93
200 Day Moving Average: $122.19
RSI: 52.04
MACD: -0.673
On Friday, CBOE stock completed a bullish MACD crossover, breaking out above its 10 day moving average, but falling just short of closing above their 50 day MA.
CBOE stock has traded on about average volume in 2022 compared to the year prior.
With a neutral RSI, they look to still have near-term bullish momentum to power them through the 50 day moving average.
Their next resistance levels to test are the $117.04, $118 & $118.98/share price levels.
CBOE Global Markets Inc. CBOE Stock As A Long-Term Investment
Long-term focused investors will like CBOE stock’s P/E (ttm) of 23.33, but may find their P/B (mrq) of 3.39 to be a bit high.
They recently reported 2.6% Quarterly Revenue Growth Y-o-Y, with 90% Quarterly Earnings Growth Y-o-Y.
CBOE stock’s balance sheet will require a closer examination, with Total Cash (mrq) of $379M & Total Debt (mrq) of $1.44B.
CBOE stock pays a 1.57% dividend yield, which appears to be safe in the future as their payout ratio is 36.6%.
83.4% of CBOE stock’s outstanding share float is owned by institutional investors.
CBOE Global Markets Inc. CBOE Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from CBOE stock’s price movements, while hedging against broader market volatility.
I am looking at the contracts with the 4/14 expiration date.
The $115, $116 & $117 call options all look appealing, although their open interest levels are a bit lacking.
The $118, $119 & $120 puts are also worth taking a closer look at, but similarly are not as liquid as traders may want them to be.
However, with this Friday having an expiration date, more contracts may be written in the coming days for later expiration dates.
Tying It All Together
Overall, CBOE stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their dividend yield, as well as their P/E (ttm), but may want to do a closer review of their balance sheet before making an investment.
Traders will like their current momentum, but may be disappointed by their levels of open interest on their options contracts.
CBOE stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF CBOE STOCK ***