Options Trading News

September 25, 2012  Tue 10:31 AM CT

Total option volume is closing in on 5 million contracts so far today with relatively bullish action in the indexes and exchange-traded funds, optionMONSTER's data systems show.

The SPDR S&P 500 Fund (SPY) has seen 480,000 options trade, with 310,000 puts. The CBOE Volatility Index (VIX) options have traded 206,000 times, with puts making up 125,000 of that action.

The iShares Emerging Markets Fund (EEM) has 132,000 contracts changing hands, with calls outpacing puts by more than 2 to 1. Just behind are the S&P 500 Index (SPX) options, also with 132,000, 75,000 of which are puts.

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) has 125,000 contracts turning over, with 87,000 calls. The iShares Russell 2000 Fund (IWM) has 119,000 options traded, with puts outnumbering calls by almost 2 to 1.

The iShares Silver Fund (SLV) is just hitting 100,000 contracts, with 62,000 calls. The SPDR Financial Fund (XLF) has seen 83,000 options move, with 49,000 puts. The SPDR Gold Shares Fund (GLD) options total 78,000 so far, dominated by 62,000 calls.
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I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

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