Options Trading News

May 15, 2013  Wed 10:31 AM CT

Total option volume tops 7 million contracts today as sentiment is again quite bullish in most of the top indexes and ETFs, according to optionMONSTER data systems.

More than 1 million SPDR S&P 500 Fund (SPY) options have traded so far, with puts barely outpacing calls. Next up are the S&P 500 Index (SPX) options at 324,000, evenly split between calls and puts.

The SPDR Gold Shares Fund (GLD) has 198,000 options traded, with 120,000 puts. Following are the iShares Russell 2000 Fund (IWM) options at 173,000, with a put/call ratio of 3 to 1. The CBOE Volatility Index (VIX) has 137,000 contracts changing hands, with calls outnumbering puts by 2 to 1. Just behind are the iShares Silver Fund (SLV) options at 136,000, with 79,000 puts.

The PowerShares QQQ Trust (QQQ) has 132,000 options turning over, with 83,000 calls. The iShares Emerging Markets Fund (EEM) has seen 124,000 options move, with 77,000 calls. And the iPath S&P 500 VIX Short-Term Futures Note (VXX) has 97,000 options traded, with puts outpacing calls by 2 to 1. 
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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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