Market News

April 30, 2013  Tue 10:27 AM CT

Total option volume is again just above 5 million contracts approaching midday, with the typical indexes and ETFs dominating today's trading, according to optionMONSTER data systems.

The SPDR S&P 500 Fund (SPY) leads the way as usual with 721,000 contracts traded, 450,000 of which are puts. Next up are the PowerShares QQQ Trust (QQQ) options at 301,000, though in that name calls outpace puts by 2 to 1. Following are the CBOE Volatility Index (VIX) options at 275,000, dominated by 213,000 calls.

The iPath S&P 500 VIX Short-Term Futures Note (VXX) has 182,000 options traded and a put/call ratio of 2 to 1. The S&P 500 Index (SPX) have turned over 124,000 times, with puts slightly outpacing calls. The iShares Russell 2000 Fund (IWM) has 107,000 options moving, with puts outnumbering calls by 4 to 1. 
News Archives

Education & Strategy

Using puts to BUY stock

Puts are an options contract that gives buyers the right to sell their stock for a set price on or before a future date. However, puts can also be an effective way to BUY stock.

More education articles »