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    The Bull Case For Cboe Global Markets (CBOE) Could Change Following Near-24-Hour Russell 2000 Options Expansion

    • Cboe Global Markets has announced plans to extend trading hours for its Russell 2000 Index options suite to nearly 24 hours a day, five days a week starting in February 2026, and to introduce futures and options on its new Magnificent 10 Index in December 2025, pending regulatory approval.

    • These moves highlight Cboe’s push to broaden access to U.S. small-cap exposure and thematic equity trading for investors across global time zones.

    • Next, we’ll consider how near-24-hour Russell 2000 options trading could influence Cboe’s existing investment narrative around derivatives-led growth.

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    To own Cboe Global Markets, you generally need to believe that exchange-traded derivatives, data and index products can keep deepening their role in global investing, even as competition and technology reshape how markets function. The move to near-24-hour Russell 2000 options trading fits the existing derivatives-led growth story, but does not materially change the near term focus on sustaining volume growth while managing rising technology and expansion costs as a key execution risk.

    The planned launch of futures and options on the Cboe Magnificent 10 Index in December 2025 looks especially relevant here, because it extends Cboe’s index derivatives reach beyond its long-established S&P franchise. For investors watching catalysts, this kind of product expansion may help diversify the business mix across more indices and client use cases, while still leaving Cboe exposed to the concentration risk embedded in its core S&P index options partnership.

    But while these developments may look positive, investors should still keep a close eye on the risk that…

    Read the full narrative on Cboe Global Markets (it’s free!)

    Cboe Global Markets’ narrative projects $2.6 billion revenue and $1.1 billion earnings by 2028. This implies a 16.9% yearly revenue decline and an earnings increase of about $200 million from $896.3 million today.

    Uncover how Cboe Global Markets’ forecasts yield a $255.62 fair value, in line with its current price.

    CBOE Community Fair Values as at Dec 2025
    CBOE Community Fair Values as at Dec 2025

    Eight members of the Simply Wall St Community currently place Cboe’s fair value anywhere between US$41.96 and US$255.62, highlighting sharply different expectations. As you weigh those views, it is worth considering how much Cboe’s dependence on its S&P index options partnership could shape the company’s future resilience and performance.

    Explore 8 other fair value estimates on Cboe Global Markets – why the stock might be worth less than half the current price!

    Disagree with existing narratives? Create your own in under 3 minutes – extraordinary investment returns rarely come from following the herd.

    • A great starting point for your Cboe Global Markets research is our analysis highlighting 2 key rewards that could impact your investment decision.

    • Our free Cboe Global Markets research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Cboe Global Markets’ overall financial health at a glance.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include CBOE.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

     

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