OptionsHouse

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.
Share this article with your friends


Related Stories

XLF

Put buying shows caution in financials

September 27, 2016

Traders are positioning for a possible drop in the SPDR Financial Fund, which is up 9 percent in the last three months.

XLF

Calls buyers charging into financial fund

September 21, 2016

Heavy October trading is looking for gains in the SPDR Financial Fund, which has risen 4 percent in the last three months.

XLF

Will financials head higher by Christmas?

September 20, 2016

The SPDR Financial Fund has risen 5 percent in the last three months, and traders are looking for more gains by the end of the year.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

View more education articles »