Midday index, ETF option volumes

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume is relatively strong at 6.1 million contracts so far today, led by the big indexes and ETFs, according to optionMONSTER data systems.

The SPDR S&P 500 Fund (:SPY) has 741,000 contracts changing hands, with 469,000 puts. The iShares Emerging Markets Fund (EEM) has volume of 504,000 as puts outnumber calls by 6 to 1. The CBOE Volatility Index (:VIX) is next at 361,000, led by 230,000 calls.

Following are the iShares Russell 2000 Fund (:IWM) at 258,000, the S&P 500 Index (:SPX) at 254,000, and the PowerShares QQQ Trust (:QQQ) at 210,000. All three have puts outpacing calls by 2 to 1.

The SPDR Gold Fund (GLD) has 91,000 options traded, with 59,000 calls. And the iPath S&P 500 VIX Short-Term Futures Note (VXX) has 81,000 with 48,000 calls.

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