Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)
February 4, 2013

Total option volume tops 5.4 million contracts so far today, with hedging apparently dominating the activity in major indexes and ETFs, optionMONSTER's data system show.

The SPDR S&P 500 Fund (SPY) has seen 752,000 options trade, with a put/call ratio of 2 to 1. Next up are the S&P 500 Index (:SPX) options at 262,000, led by 186,000 puts.

The CBOE Volatility Index (:VIX) has 144,000 contracts changing hands, 82,000 of which are calls. The iShares Russell 2000 Fund (IWM) has 126,000 contracts turning over, with puts outpacing calls by more than 6 to 1. Following are the SPDR Financial Fund (XLF) options at 110,000, with a put/call ratio of about 4 to 1.

The iShares Emerging Markets Fund (EEM) has 104,000 options traded, with 65,000 puts. The PowerShares QQQ Trust (QQQ) options are just topping 100,000, with 61,000 puts.

The iPath S&P 500 VIX Short-Term Futures Note (VXX) has 90,000 contracts changing hands, evenly split between calls and puts. And the iShares 20-Year Treasury Bond Fund (TLT) has 87,000 options traded, with a put/call ratio of 3 to 1.

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