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Final top 10 leaders in option volume

Chris McKhann (chris.mckhann@optionmonster.com)

A number of records were set today, including total option volume of more than 34 million contracts, according to tradeMONSTER's LiveAction data system.
 
The SPDR S&P 500 Fund (NYSEArca:SPY) had 8.5 million contracts trade. The S&P 500 Index (TSXV:SPX.V) options added another 1.6 million. The SPX was down 4.8 percent to close at 1200 even.

The CBOE Volatility Index (VIX) is derived from those SPX options and has a high inverse correlation to the SPX, especially during selloffs. The VIX was up 36 percent (rare) as 951,000 options traded. It was the only name in the top 10 that was up.

The iShares Russell 2000 Index Fund (NYSEArca:IWM) was down 6 percent and second in the top 10 volume list with 1.88 million contracts. The PowerShares QQQ Trust (NasdaqGM:QQQ) was fourth with 1 million, and the iShares MSCI Emerging Markets Index Fund (NYSEArca:EEM) slid in the 10th spot with 574,000 options traded.

Bank of America (NYSE:BAC) was the top individual name with 871,000 options as it lost 7.4 percent. Apple (NasdaqGS:AAPL) also remained on the list with 660,000.

The SPDR Gold Shares Fund (NYSEArca:GLD) was down 0.5 percent as 747,000 options changed hands. The iShares Silver Fund (NYSEArca:SLV) was just behind in volume with 701,000 options, but it was down more than 7 percent on the day.



(Chart courtesy of tradeMONSTER )

Volume Leaders