Total option volume is closing in on 6 million contracts today, with the typical indexes and ETFs leading the action, according to optionMONSTER data systems.
The SPDR S&P 500 Fund (:SPY) has 616,000 options traded, with a put/call ratio of more than 2 to 1. The iShares Russell 2000 Fund (:IMW) has 215,000 contracts changing hands, with a put/call ratio of almost 4 to 1. Close behind is the S&P 500 Index (:SPX) at 204,000 options, with 115,000.
The iShares Emerging Markets Fund (EEM) has seen 173,000 options turn over, with puts slightly outpacing calls. Just behind is the PowerShares QQQ Trust (QQQ) at 168,000, also with puts outpacing calls, by more than 2 to 1.
The CBOE Volatility Index (:VIX) has 148,000 options traded, with 89,000 puts. And the iPath S&P 500 VIX Short-Term Futures Note (VXX) has 99,000 contracts moving, with calls slightly eclipsing puts.
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