OptionsHouse

Options Trading News

December 20, 2012  Thu 10:33 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Total option volume is again strong at 7.4 million contracts so far today, with unusual action in the top indexes and ETFs, according to optionMONSTER's data systems.

The SPDR Financial Fund (XLF) tops the volume list for the first time that I can remember. More than 836,000 XLF options have changed hands, with 830,000 calls. While this seems massively bullish it is mostly dividend plays.

The SPDR S&P 500 Fund (SPY) is not far behind at 762,000 contracts, led by 454,000 puts.
The S&P 500 Index (SPX) contracts has turned over 387,000 options, 241,000 of which are puts. Following closely are the CBOE Volatility Index (VIX) options at 350,000, with calls outpacing puts by more than 2 to 1.

The iShares Silver Fund (SLV) has 242,000 contracts traded with slightly more calls than puts. Just behind is the SPDR Gold Shares Fund (GLD), which has seen 222,000 options trade with slightly more puts than calls.

The PowerShares QQQ Trust (QQQ) has almost 200,000 options moving, with calls outnumbering puts by 2 to 1. The iShares Emerging Markets Fund (EEM) options round out the list at 128,000, dominated by 92,000 calls.

Share this article with your friends


Related Stories

XLF

How one big trader is playing financials

August 16, 2016

A large investor is extending a bullish position in the SPDR Financial Fund, which is up more than 4 percent in the last three months.

OptionsHouse

Premium Services

Education & Strategy

Dissecting a big institutional trade

This week's column will study a recent call ratio spread. We're not recommending using this strategy because it has potentially huge risk. But we can learn from this different use of options by a large institutional investor.

View more education articles »