Did you see the volume yesterday? When the market goes down hard, the CBOE's volume explodes and they make lots of money. By the fact that they now have a volitivity index and related products only slow grinding down markets hurt them. Volitivity needs to calm down for their business to sour. Don't short the CBOE because you think the market is going down. There are much better shorts in that scenerio.
You and Truthtold...short and losing...where is Truthtold?... who is short from the low 20's and several times said she had not covered...she was so sure it was overpriced in the 20's. My guess is that she flew the coop with large losses, and has failed to reappear...embarrassed.
Good luck to all...the company is great. Maybe a bit stretched here, pricewise, but the market talks,