August average daily volume (ADV) of 4.1 million total option contracts on CBOE fell 13 percent month-on-month and 31 percent year-over-year. Barclays trimmed its third-quarter total options ADV estimate to 4.24 million from 4.59 million.
"We saw a decline in total RPC trends for the three months ended July ($0.401 vs. $0.405), primarily driven by equity and ETP options pricing. Our overall 3Q16 RPC estimate moves to $0.387 from $0.394," analyst Kenneth Hill wrote in a note.
Hill also slashed his 2016 EPS estimate to $2.34 from $2.47 and price target to $52 from $54.
At time of writing, shares of CBOE fell 1.13 percent to $68.17.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.