Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total options volume is light ahead of Good Friday, with 4.8 million contracts changing hands. The typical Index and ETP options account for much of the action.

The SPDR S&P 500 Fund (SPY) has 720,000 contracts, including 441,000 puts. Next up are the S&P 500 Index (:SPX) options with 269,000 contracts, 154,000 of which are puts.

The iShares Russell 2000 Fund (IWM) has 134,000 contracts changing hands, with a put/call ratio of better than 2-to-1. The iPath S&P 500 VIX Short Term Futures Note (:VXX) has 114,000 contracts changing hands, and calls outnumber puts by almost 3 to 1.. Following are the PowerShares QQQ Trust (:QQQ) with 108,000, evenly split between calls and puts. The CBOE Volatility Index (:VIX) has very light volume of just 80,000 contracts, 66,000 of which are calls.

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