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.
Videocast: Traders see floor in VIX
March 2, 2015
Group One's Jamie Tyrrell says traders are selling March VIX puts, apparently believing that further downside potential in the volatility index is limited.
Videocast: VIX 'cash spread' hedge
February 27, 2015
Group One's Mike Palmer explains the strategy behind a VIX "cash spread" as traders cover positions going into the weekend.
Videocast: Futures see higher VIX
February 26, 2015
Although the spot volatility index remains below 14, Group One's Dominic Savino says the March VIX futures are targeting the 16 level.
Videocast: Low short-term volatility
February 25, 2015
Although a big player is buying VIX March 23 calls, Group One's Mike Palmer says the iPath S&P 500 VIX Short-Term Futures Note (VXX) settled today near 11.
Videocast: VIX falls as Yellen talks
February 24, 2015
Group One's Mike Palmer says traders are betting on lower volatility amid speculation that the Federal Reserve will not hike interest rates before the end of the year.