OptionsHouse

Options Trading News

November 29, 2012  Thu 10:20 AM CT

SPY: SEE CHART GET CHAIN FIND STRATEGIES
Total option volume is strong at 6 million so far this morning, with relatively bullish sentiment in some of the leading indexes and ETFs, according to optionMONSTER's data systems.

The SPDR S&P 500 Fund (SPY) has 961,000 options traded, with puts leading by only about 100,000. Next up are the PowerShares QQQ Trust (QQQ) contracts with volume of 421,000, 255,000 of which are calls.

The iShares Russell 2000 Fund (IWM) has 221,000 options changing hands, with a put/call ratio of less than 2 to 1. Not far behind are the CBOE Volatility Index (VIX) options at 214,000, with calls slightly outpacing puts.

The S&P 500 Index (SPX) options have turned over 188,000 times, with a put/call ratio of 2 to 1. The SPDR Gold Shares Fund (GLD) have 90,000 options traded, with 51,000 calls.

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) has 80,000 contracts changing hands, led by 60,000 puts. And the iShares Emerging Markets Fund (EEM) has 71,000 options traded, with slightly more puts than calls.
Share this article with your friends


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Upcoming Webinar:

Using Options For Income

http://bit.ly/1nY1OKA

Jon Najarian and Adam Mesh of Options Wealth Machine discuss a detailed strategy utilizing credit spreads to generate income, and how any level of trader can use this simple trading technique.

Education & Strategy

Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

View more education articles »