Piper Sandler raised the firm’s price target on Cboe Global Markets to $193 from $177 and keeps an Overweight rating on the shares. The firm notes that through Friday, Cboe index option volumes are running 10% above Piper’s estimate at 4.34M contracts per day which would rank as the 2nd strongest ADV month in history. And while the firm continues conservatively modeling a 20% drop off from record October levels in November and December, it would note that since 2012 December has ranked as the 3rd strongest ADV month of the year for index options.
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