Options Trading News

December 7, 2012  Fri 10:27 AM CT

Total option volume remains steady with a bit more than 5 million contracts so far today, as sentiment is quite bullish in the top indexes and ETFs, optionMONSTER's data systems show.

The SPDR S&P 500 Fund (SPY) leads the way again at 835,000 contracts, with calls outpacing at 421,000. Next up are the S&P 500 Index (SPX) options at 241,000, with 125,000 calls. The CBOE Volatility Index (VIX) options are also at 241,000, with 177,000 calls.

The PowerShares QQQ Trust (QQQ) has 150,000 contracts changing hands, led by 89,000 puts. The SPDR Gold Shares Fund (GLD) options are just behind at 140,000, with  80,000 calls. And the iShares Russell 2000 Fund (IWM) has 114,000 options turning over, dominated by 89,000 puts.
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The covered call and unhedged risk

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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