Midday index, ETF option volumes
Chris McKhann | email@example.com
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.
Rundown of trades in financial sector
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Financials have struggled since mid-January, with mixed options activity. Here's a list of noteworthy trades in the sector.
Big trade bets on bounce in financials
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The SPDR Financial Fund is down 10 percent in the last month, but a large call purchase is looking for a bounce this week.
Financials get short-term upside bets
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The SPDR Financial Fund is down 7 percent in the last month, but traders are looking for a quick pop by the end of next week.
How traders are playing the financials
January 12, 2016
Below is a list of noteworthy option activity for members of the SPDR Financial Fund as earning approach.