Total option volume is the strongest of the week after today's job report with more than 6 million contracts so far, led by the major indexes and ETFs, according to optionMONSTER data systems.
Roughly 1 million options have traded in the SPDR S&P 500 Fund (:SPY) with puts slightly outpacing calls. Next up is the S&P 500 Index (:SPX) at 309,000, with a put/call ratio of 2 to 1.
The PowerShares QQQ Trust (:QQQ) is third on the volume list with 272,000 options as calls outpace puts by 2 to 1. Close behind is the iShares Emerging Markets Fund (EEM) with 256,000, dominated by 230,000 puts.
The iShares Russell 2000 Fund (:IWM) has 147,000 options traded, with 94,000 puts. The CBOE Volatility Index (:VIX) has 104,000 contracts changing hands, with 66,000 calls.
The SPDR Financial Fund (XLF) sees 94,000 contracts turned over, led by 84,000 calls. And the iPath S&P 500 VIX Short-Term Futures Note (:VXX) has 72,000 options moving, with 45,000 calls.
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