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Options Trading News

October 3, 2013  Thu 10:11 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Total option volume remains steady at 5.5 million contracts so far today, with interesting action in the top indexes and ETFs, optionMONSTER data systems show.

Just over 1 million options trade in the SPDR S&P 500 Fund (SPY) ,with 589,000 puts. Next up are the CBOE Volatility Index (VIX) options at 375,000, with 200,000 calls. And after that comes the iPath S&P 500 VIX Short-Term Futures Note (VXX) with volume of 222,000 as puts slightly outpacing calls. The put/call ratios in all three are not nearly as bearish as one might expect, given today's market action.

The iShares Russell 2000 Fund (IWM) has 195,000 options traded, with a put/call ratio of 3 to 1. The PowerShares QQQ Trust (QQQ) has 155,000 contracts changing hands, with 96,000 puts. The S&P 500 Index (SPX) has 142,000 options traded, with puts outnumbering calls by 3 to 1. The SPDR Financial Fund (XLF) has seen 85,000 options turn over, with 50,000 calls.
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