Weather draws early end to options trade
The extreme weather conditions have led to an early end to the options trade, with many exchanges and brokers closing their doors due to the severe weather warnings.
The CBOE and Nasdaq have announced that they will be closing their options markets today, citing safety concerns for their employees and customers.
"We are taking the precaution of closing our options markets today due to the extreme weather conditions," said a spokesperson for the CBOE. "We want to ensure the safety of our employees and customers."
Other exchanges, including the NYSE and AMEX, have also announced that they will be closing their options markets today.
Many brokers have also announced that they will be closing their options trading desks today, citing the weather conditions as a reason.
"We are closed today due to the severe weather warnings," said a spokesperson for Fidelity Investments. "We want to ensure the safety of our employees and customers."
The extreme weather conditions are expected to continue throughout the day, with heavy rain and strong winds expected in many areas.
Options traders are advised to check with their brokers and exchanges for updates on market status.
"We are taking the precaution of closing our options markets today due to the extreme weather conditions. We want to ensure the safety of our employees and customers." - CBOE spokesperson
Author's note: This early closure of options trade is a rare occurrence, highlighting the importance of safety and precaution in extreme weather conditions.