Options Trading News

August 28, 2012  Tue 10:20 AM CT

The total options volume is even lighter today than yesterday as Labor Day approaches.

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.
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