AIEQ0.730%
as of Oct 26
CBOE
DefensiveCboe Global Markets, Inc.
Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers cutting-edge trading, clearing, and investment solutions in the United States and internationally. It operates through five segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, as well as on the stocks of individual corporations and on trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific (ETPs), such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs); and trading in listed options through a single system.
Close · 3M
+16.22%
Held by 2 AI ETFs
AIVL0.357%
as of Oct 23
Signal performance
Each tracked ETF's moves on this stock, grouped by fund. Returns are measured from the signal date to the latest close — hypothetical, no commissions or slippage.
Buy signals20
Win rate95% (18/19)
Avg buy return+12.03%
AIEQ · Weight increase · 2d
weight 0.670% → 0.730% (+0.060 pp)·stock up 27.2% in the 30 days before
Oct 25·now $340.42
price n/a
AIEQ · Weight increase · 3d
weight 0.610% → 0.670% (+0.060 pp)·stock up 18.1% in the 30 days before
Oct 18·entry $306.47·now $340.42Chased
+11.08%
since Oct 18
AIEQ · Weight increase · 2d
weight 0.610% → 0.650% (+0.040 pp)·stock up 18.1% in the 30 days before
Oct 16·entry $314.98·now $340.42Drifting
+8.08%
since Oct 16
AIEQ · Weight decrease · 2d
weight 0.640% → 0.610% (-0.030 pp)·stock up 11.1% in the 30 days before
Oct 14·entry $300.47·now $340.42
+13.30%
since Oct 14
AIEQ · Weight increase · 3d
weight 0.580% → 0.640% (+0.060 pp)·stock up 5.8% in the 30 days before
Oct 11·entry $297.38·now $340.42Chased
+14.47%
since Oct 11
AIEQ · Weight increase · 2d
weight 0.580% → 0.620% (+0.040 pp)·stock up 5.8% in the 30 days before
Oct 9·entry $304.16·now $340.42Chased
+11.92%
since Oct 9
AIEQ · Weight decrease · 2d
weight 0.690% → 0.670% (-0.020 pp)·stock down 12.7% in the 30 days before
Sep 23·entry $268.87·now $340.42
+26.61%
since Sep 23
AIEQ · Weight decrease · 2d
weight 0.740% → 0.710% (-0.030 pp)·stock down 3.4% in the 30 days before
Sep 13·entry $284.50·now $340.42
+19.66%
since Sep 13
AIEQ · Weight decrease · 2d
weight 1.080% → 0.730% (-0.350 pp)·stock up 4.8% in the 30 days before
Sep 3·entry $298.50·now $340.42
+14.04%
since Sep 3
+10.66%
since Sep 1
AIEQ · Weight increase · 2d
stock up 5.6% in the 30 days before
Aug 23·entry $308.09·now $340.42Chased
+10.49%
since Aug 23
+16.99%
since Aug 12
+19.44%
since Aug 8
+18.79%
since Aug 7
+14.30%
since Aug 2
AIEQ · Accumulation · 5d
stock up 25.2% in the 30 days before
Jul 31·entry $310.23·now $340.42Drifting
+9.73%
since Jul 31
+14.81%
since Jul 30
+10.59%
since Jul 29
AIEQ · Weight increase · 3d
stock up 14.2% in the 30 days before
Jul 26·entry $288.87·now $340.42Chased
+17.85%
since Jul 26
AIVL · Accumulation · 6d
weight 0.321% → 0.357% (+0.036 pp)·stock up 27.2% in the 30 days before
Oct 23·entry $340.42·now $340.42Fresh
0.00%
since Oct 23
AIVL · Accumulation · 6d
weight 0.311% → 0.342% (+0.031 pp)·stock up 21.9% in the 30 days before
Oct 22·entry $327.72·now $340.42Drifting
+3.88%
since Oct 22
AIVL · Accumulation · 5d
weight 0.316% → 0.334% (+0.018 pp)·stock up 19.5% in the 30 days before
Oct 21·entry $318.82·now $340.42Drifting
+6.77%
since Oct 21
AIVL · Accumulation · 5d
weight 0.305% → 0.334% (+0.029 pp)·stock up 18.1% in the 30 days before
Oct 16·entry $314.98·now $340.42Drifting
+8.08%
since Oct 16
AIVL · Accumulation · 5d
weight 0.300% → 0.326% (+0.026 pp)·stock up 13.9% in the 30 days before
Oct 15·entry $308.09·now $340.42Chased
+10.49%
since Oct 15
AIVL · Weight decrease · 2d
weight 0.325% → 0.311% (-0.014 pp)·stock up 2.7% in the 30 days before
Oct 13·entry $292.25·now $340.42
+16.48%
since Oct 13
AIVL · Accumulation · 5d
weight 0.299% → 0.316% (+0.017 pp)·stock up 5.8% in the 30 days before
Oct 12·entry $297.38·now $340.42Chased
+14.47%
since Oct 12
AIVL · Accumulation · 5d
weight 0.300% → 0.325% (+0.025 pp)·stock up 5.8% in the 30 days before
Oct 9·entry $304.16·now $340.42Chased
+11.92%
since Oct 9
AIVL · Weight increase · 2d
weight 0.300% → 0.317% (+0.017 pp)·stock up 0.8% in the 30 days before
Oct 8·entry $294.08·now $340.42Chased
+15.76%
since Oct 8
AIVL · Weight increase · 2d
weight 0 → 0.301% (new)·stock down 7.0% in the 30 days before
Oct 5·entry $277.47·now $340.42Chased
+22.69%
since Oct 5
AIVL · New entry · 1d
weight 0 → 0.299% (new)·stock down 7.8% in the 30 days before
Oct 2·entry $271.26·now $340.42Chased
+25.50%
since Oct 2
Sell signals show what the stock did after the AI exited. A negative number means the AI's exit was well-timed.
Buffett-style framework
Fails the frameworkas of Oct 11
AIEQ is raising its weight (now 0.64%) and AIVL entered on 2026-10-02 and has been accumulating since (now about 0.32%), so both are buying steadily. That conflicts with a Fail verdict driven by price, since a value-oriented fund buying at 5x book and 21x earnings is paying for quality rather than getting a discount. The moat and returns support their interest, but the margin-of-safety test does not.
- Circle of CompetenceCboe's earnings come from transaction fees on options, futures and equities trading plus data licensing, a fee-based model that is cyclical in volume but predictable enough in structure to project over ten years, much like other exchange operators.
- Economic MoatExclusive and proprietary products such as SPX and VIX options, together with network effects in liquidity and high clearing and data switching costs, give it a durable advantage, though equity-trading competition and fee pressure keep the moat from being unbreachable.
- ManagementCandor and capital allocation cannot be judged from the data provided, though the exchange sector's record of disciplined buybacks and modest acquisitions is a mild positive that the supplied numbers cannot confirm.
- Financial HealthA 25.75% ROE and 11.68% revenue growth clear the 15% hurdle, and a capital-light model should generate consistently positive owner earnings, but ten-year ROE history, margin trends and debt levels were not supplied, so this pass is provisional.
- Margin of SafetyAt 21.6x earnings, 15.2x EV/EBITDA and 5.1x book, the price looks like a fair price for a good business with the market already crediting record volatility-driven volumes, leaving no clear margin of safety.
Cboe sits inside the circle of competence and has a real moat with strong returns on equity, but management quality could not be assessed from the data and the valuation offers no discount to a conservative estimate of intrinsic value. Because margin of safety fails, the framework returns Fail, though the verdict could improve if the shares fell meaningfully.
Educational interpretation generated by AI applying frameworks Warren Buffett documented in his shareholder letters and other public writings. Not a statement by Mr. Buffett or Berkshire Hathaway, and not investment advice.