Index, ETF option volumes near midday
Chris McKhann | email@example.com
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: Traders see elevated VIX
October 5, 2015
Even with the volatility index falling below 20 today, Group One's Jamie Tyrrell says traders are buying calls and selling puts in the VIX.
Videocast: Target 35 level in VIX
October 2, 2015
Group One's Jamie Tyrrell says traders are targeting the 35 level for the volatility index in October, November, and December contracts.
Video: Traders sell VIX premium
October 1, 2015
Although the spot VIX remains elevated, Group One's Jamie Tyrrell says implied volatility is "pretty normal" for October.
Video: Sharp moves seen in VIX
September 30, 2015
Group One's Jamie Tyrrell says an October 23.50 straddle traded for about $5, indicating that a big move is expected in volatility levels.
Video: Big trades sell calls in VIX
September 29, 2015
Group One's Jamie Tyrrell says two big trades today are selling October 22 calls and closing a December 20/35 call spread.