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January 9, 2014  Thu 10:09 AM CT

EEM: SEE CHART GET CHAIN FIND STRATEGIES
Total option volume tops 5.3 million contracts so far today, with the broad index and ETF names topping the action, optionMONSTER data systems show.

The SPDR S&P 500 Fund (SPY) has 466,000 contracts turning over, with 285,000 puts. Following is volume in the iShares Emerging Markets Fund (EEM) at 286,000, with a put/call ratio approaching 3 to 1.

The S&P 500 Index (SPX) has seen 214,000 options turn over, with 120,000 puts. The PowerShares QQQ Trust (QQQ) has 113,000, including 63,000 calls.

The iShares Russell 2000 Fund (IWM) has just 87,000 contracts changing hands, led by 50,000 puts. The CBOE Volatility Index (VIX) has 75,000 options trading, with calls outpacing puts by more than 6 to 1. The iPath S&P 500 VIX Short-Term Futures Note (VXX) has 60,000 options moving, dominated by 48,000 calls.
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