Index, ETF option volumes near midday
Chris McKhann | [email protected]
Barely 3.3 million contracts have traded so far. Hedging appears to be the key theme in the indexes and exchange-traded products.
The SPDR S&P 500 Fund (SPY) has 470,000 options traded, with 311,000 puts. The S&P 500 Index options are next up with 144,000, 92,000 of which are puts. The CBOE Volatility Index (VIX) just barely broke above 100,000 with calls outpacing puts by more than 2 to 1.
The PowerShares QQQ Trust (QQQ) has 78,000 contracts changing hands, 50,000 of which are puts. Next up are the iShares Russell 2000 Fund (IWM) options with 66,000 contracts, and a put to call ratio of 2 to 1. The SPDR Gold Shares Fund (GLD) has 52,000 contracts traded, with calls outnumbering puts by the same 2-to-1 ratio. The iShares Emerging Markets Fund (EEM) sees volume of 46,000 options traded, with 25,000 puts.