Midday index, ETF option volumes

Total option volume is running just above average at 5.5 million so far today, with the typical indexes and ETFs topping the action, according to optionMONSTER's data systems.

More than 700,000 options have traded in the SPDR S&P 500 Fund (:SPY) as puts outpace calls by better than 2 to 1. Next up is the iShares Russell 2000 Fund (:IWM) at 636,000, also with a put/call ratio of more than 2 to 1.

The S&P 500 Index has 242,000 contracts changing hands, led by 170,000 puts. The PowerShares QQQ Trust (:QQQ) has volume of 233,000, with 129,000 puts. The iShares Emerging Markets Fund (EEM) has seen 156,000 options turn over, with 83,000 calls.

Next up is the CBOE Volatility Index (:VIX) at 138,000 options as calls outpace puts by more than 2 to 1. Following that is the iPath S&P 500 VIX Short-Term Futures Note (VXX) at 118,000 contracts, evenly split between calls and puts. And the iShares Brazil Fund (EWZ) has 88,000 options traded, dominated by 78,000 calls.


More From optionMONSTER

Advertisement