Midday index, ETF option volumes

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume is strong again today at 7.8 million contracts so far, with mixed sentiment in the big indexes and ETFs, optionMONSTER data systems show.

Just shy of 1 million SPDR S&P 500 Fund (:SPY) options have changed hands, with puts outpacing alls by almost 2 to 1. Next up is the SPDR Financial Fund (:XLF) options with 815,000--a huge day for that fund--dominated by 811,000 puts.

The CBOE Volatility Index (:VIX) has 380,000 contracts changing hands, with 216,000 calls. The S&P 500 Index (:SPX) has 252,000 options turning over, with 153,000 puts.

The iShares Russell 2000 Fund (IWM) has seen 196,000 options trade, with a rare occurrence of 110,000 calls outpacing puts. The iPath S&P 500 VIX Short-Term Futures Note (:VXX) has 150,000 options traded, with 84,000 puts.

The iShares Emerging Markets Fund (EEM) has 144,000 contracts moving, with 78,000 puts. Just behind are the PowerShares QQQ Trust (:QQQ) options at 140,000 as puts slightly outpace calls. And the SPDR Gold Shares Fund (GLD) has 139,000, with 78,000 puts.


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