Options Trading News

January 25, 2013  Fri 10:34 AM CT

Total option volume is strong again today as it tops 6.9 million contracts so far, with mixed sentiment in the major indexes and ETFs, optionMONSTER's data systems show.

The SPDR S&P 500 Fund (SPY) has 800,000 options traded, with 435,000 puts. The iShares Russell 2000 Fund (IWM) has 262,000 contracts changing hands, with a put/call ratio of more than 2 to 1.

The S&P 500 Index (SPX) options have turn over 176,000 times, led by 114,000 puts. The CBOE Volatility Index (VIX) has volume of 142,000, with calls outpacing puts by 3 to 1.
Following are the iShares Emerging Markets Fund (EEM) options at 132,000, evenly split between calls and puts. Just behind are the SPDR Gold Shares Fund (GLD) contracts at 126,000, with slightly more puts than calls. And the PowerShares QQQ Trust (QQQ) has 111,000 options traded, with 62,000 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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