Option activity is on fire this morning, with more than 8.1 million contracts already traded and mixed action in the indexes and and ETFs, according to optionMONSTER's data systems.
The SPDR S&P 500 Fund (SPY) has 1.9 million options changing hands, but puts are only slightly outpacing calls, which is odd when the market sees a steep selloff such as today's. The S&P 500 Index (SPX) has 410,000 contracts and a put/call ratio of 3 to 1, more along expectations.
The PowerShares QQQ Trust (QQQ) has 333,000 options traded, with 189,000 puts. The SPDR Gold Shares Fund (GLD) is seeing unusually large option volume with 283,000 contracts and slightly more puts than calls.
The CBOE Volatility Index (VIX) has 208,000 options turning over, with calls outnumbering puts by more than 3 to 1. Just behind are the iShares Russell 2000 Fund (IWM) options at 202,000 and put/call ratio of 3 to 1.
The SPDR Financial Fund (XLF) has 96,000 options moving, evenly split between calls and puts. The iShares Emerging Markets Fund (EEM) sees 78,000 contracts changing hands, led by 56,000 puts. The iPath S&P 500 VIX Short-Term Futures Fund (VXX) options total 77,000, including 49,000 calls.
Options Trading News
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SPY
Index, ETF option volumes near midday
May 9, 2013
Total option volume is closing in on 6 million contracts, with the typical indexes and ETFs dominating the action, according to optionMONSTER data systems.
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