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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total options volume tops 5.5 million contracts so far today, and sentiment is bearish in the Index and ETP volume.

More than 955,000 SPDR S&P 500 (:SPY) options trade, with 683,000 puts. Next up are the CBOE Volatility Index (:VIX) options with 469,000 already traded, including 416,000 calls. The iShares Russell 2000 Fund (:IWM) has 278,000 contracts changing hands, 199,000 of which are puts.

The S&P 500 Index (:SPX) options turn over 206,000 times, also with a put to call ratio that tops 2-1. The PowerShares QQQ Trust (:QQQ) options trade 115,000, with 66,000 puts. And the iPath S&P 500 VIX Short Term Futures Note (:VXX) has 107,000 options traded, with 60,000 calls.

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