Options Trading News

July 30, 2013  Tue 10:36 AM CT

Total option volume is picking up from yesterday's doldrums but still below average as 4.7 million contracts have changed hands, led by major indexes and ETFs, optionMONSTER data systems show.

The SPDR S&P 500 Fund (SPY) has 439,000 options traded, with 264,000 puts. The iShares Russell 2000 Fund (IWM) has 177,000, with a put/call ratio of 3 to 1. Next up are the S&P 500 Index (SPX) options at 133,000, with calls slightly outpacing puts.

The CBOE Volatility Index (VIX) has 119,000 contracts changing hands, led by 89,000 calls. The PowerShares QQQ Trust (QQQ) has volume of 113,000, with puts slightly outpacing calls. The SPDR Financial Fund (XLF) has 76,000 options turning over, dominated by 67,000 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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