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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total options volume is quite light with just 4.2 million options traded, as hedging tops the action in the Index and ETP options.

The SPDR S&P 500 Fund (SPY) has 846,000 options traded, 495,000 of which are puts. Next up are the CBOE Volatility Index (:VIX) options with 226,000, with calls outpacing puts by more than 3 to 1. The S&P 500 Index (:SPX) follows with 169,000 contracts, and a put to call ratio of more than 2 to 1.

Volume in the iShares Russell 2000 Fund (IWM) surpasses 135,000 times, dominated by 103,000 puts. The iShares EAFE Index Fund (:EFA) has 80,000 contracts changing hands, 74,000 of which are puts.

Following closely are the iPath S&P 500 VIX Short Term Futures Note (:VXX) options with 75,000, and 48,000 calls. Just behind are the options of the PowerShares QQQ Trust (QQQ) with 74,000, 46,000 of which are puts.

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