Options Trading News

December 21, 2012  Fri 10:30 AM CT

Total option volume remains strong at 6.4 million contracts traded so far today, and volume in the indexes and ETFs are showing relatively bullish sentiment despite today's selloff, according to optionMONSTER's data systems.
The SPDR S&P 500 Fund (SPY) has 1.4 million options traded, with 865,000 puts. Next up are the PowerShares QQQ Trust (QQQ) at 290,000 contracts, led by 170,000 calls.
The CBOE Volatility Index (VIX) options have traded just shy of 200,000 contracts, with 119,000 calls. Just behind are the S&P 500 Index (SPX) options at 194,000 and a put/call ratio of 2 to 1.

The iShares Russell 2000 Fund (IWM) has seen 150,000 contracts change hands, dominated by 120,000 puts. More than 127,000 SPDR Gold Share Fund (GLD) options have turned over so far, with 70,000 calls. The iShares Emerging Markets Fund (EEM) has 105,000 options traded, with 74,000 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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