Market News

August 31, 2012  Fri 10:30 AM CT

Total options volume is approaching 5.6 million contracts, with calls topping the action.

The SPDR S&P 500 Fund (SPY) has 1.1 million options traded, while 530,000 of those are calls. The PowerShares QQQ Trust (QQQ) is next up with 220,000, 117,000 of which are calls. That turns some heads because investors typically buy puts on those to hedge long positions.

The iShares Russell 2000 Fund (IWM) has 161,000 contracts changing hands, with 99,000 puts. Not far behind are the SPDR Gold Shares Fund (GLD) with 148,000 total contracts, including 98,000 calls.

The S&P 500 Index (SPX) options turn over 117,000 times, with puts outpacing calls 2-1. The iShares Silver Fund (SLV) follows with 103,000 with 54,000 calls.

The iPath S&P 500 VIX Short Term Futures Note (VXX) has 74,000 options traded. Just behind are the CBOE Volatility Index (VIX) options with 73,000. Calls outpace puts better than 2-1 in both.
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