Index, ETF option volumes near midday
Chris McKhann | firstname.lastname@example.org
Total option volume is strong again at 7.5 million contracts so far today, with the big indexes and ETFs dominating the action, optionMONSTER's data systems show.
The SPDR S&P 500 Fund has 1.3 million options traded, with puts outpacing calls by almost 2 to 1. The S&P 500 Index (SPX) has seen 280,000 contracts trade, with puts slightly outpacing calls. Just behind are the CBOE Volatility Index (VIX) options at 279,000, with slightly more calls than puts.
The iShares Russell 2000 Fund (IWM) has 243,000 contracts changing hands, with 170,000 puts. The PowerShares QQQ Trust (QQQ) options have turned over 183,000 times, with 112,000 puts. Following are the iPath S&P 500 VIX Short-Term Futures Note (VXX) options at 151,000, 83,000 of which are calls.
The SPDR Financial Fund (XLF) has 109,000 traded, with 68,000 puts. Just behind are the iShares Silver Fund (SLV) options at 108,000, 62,000 of which are puts.
Video: VIX drop lures call buyers
July 31, 2015
With the spot volatility index slipping below 12 today, Group One's Jamie Tyrrell says traders are buying the VIX August 12 calls while premiums are relatively low.
Videocast: VIX put selling pays off
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The VIX is little-changed today, and Group One's Jamie Tyrrell explains how recent put selling has paid off for volatilty traders.
Video: Case study in VIX pullback
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Group One's Jamie Tyrrell says the volatility index's move down in the last week illustrates just how quicly the VIX can fall as well as rise.
Video: Traders unload puts in VIX
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As the market rallies today, Group One's Jamie Tyrrell says traders are selling August 14 and 14.50 VIX puts in the belief that downside will be limited.
Video: Call buyers ride pop in VIX
July 27, 2015
With the spot volatility index jumping well above 15 today, Group One's Jamie Tyrrell says VIX call buyers are targeting the 20 strike in August and September.