Total option volume is very strong with more than 8 million contracts already traded as equities rally and bullish sentiment apparently leads the indexes and ETFs, according to optionMONSTER's data systems.
The SPDR S&P 500 Fund (SPY) has 928,000 options changing hands, with a put/call ratio of just over 2 to 1. The CBOE Volatility Index (:VIX) follows with 395,000 contracts and calls slightly outpacing puts. The S&P 500 Index (:SPX) sees 245,000 options trading, with just 145,000 puts.
The iShares Russell 2000 Fund (IWM) is just behind with volume of 242,000, including 138,000 calls. The PowerShares QQQ Trust (QQQ) also sees more calls than puts, with a total of 182,000 options. The iPath S&P 500 VIX Short-Term Futures ETN (VXX) has 106,000 options turning over, of which 65,000 are puts.
The iShares Emerging Markets Fund (EEM) has 87,000 options trading, 47,000 of them puts. The SPDR Gold Shares Fund (GLD) has seen 64,000 contracts move, with 34,000 puts. The SPDR Financial Fund (XLF) options have traded 64,000 times, led by 39,000 calls.
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