Chicago Board Options Exchange (CBOE) VIX of VIX (VVIX)

The Chicago Board of Options Exchange. Want to buy options? No need to go to the Windy City. The CBOE is an exchange that lets you buy and sell them. Now over the computer! No need to wear an ugly coat and yell at other traders.

On the CBOE, traders sell more than a million contracts a day. All the options sold there are the basic calls and puts and all are American-style (which means you don’t have to wait until the day of expiration to exercise your option). Created in 1973, the CBOE is also busy creating e-trading and other financial tech products.