Is Cboe Global Markets Stock a Buy?

Cboe Global Markets (NYSEMKT: CBOE) is one of the world's largest option markets. But it may be best known -- particularly now -- for the Cboe Volatility Index, or VIX.

The VIX measures stock market volatility, which we've had plenty of these days. It is a forward measure, so it gauges expected volatility for the next 30 days based on option prices for the S&P 500.

Over the past several years, the VIX has mostly been in the teens, give or take a spike here and there. But in late February it moved up over 40, and it's pretty much been over 40 since -- peaking over 82 on March 16, when the S&P 500 fell almost 12%. That was the highest score ever, besting the mark set in 2009 during the Great Recession. As of Monday, the VIX was still over 40. 

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Source Fool.com