Options Trading News

December 20, 2012  Thu 10:33 AM CT

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

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: More on the Covered Call Strategy

Last week, we talked about the Covered Call and the misconceptions that surround it. We spoke about how an investor must realize that the Covered Call is actually a premium collection strategy and not so much a directional one. If an investor can grasp this idea, the investor stands to do a heck of a lot better in the strategy than they currently do.

View more education articles »