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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume is very light at just 3.7 million contracts so far today as puts lead the action in the top indexes and ETFs, optionMONSTER's data systems show.

The SPDR S&P 500 Fund (SPY) leads the way as usual, with 407,000 contracts and a put/call ratio of just over 2 to 1. The S&P 500 Index (:SPX) has seen 168,000 options turn over, also with a put/call ratio of about 2 to 1. The CBOE Volatility Index (:VIX) options aren't far behind at 122,000, with 76,000 puts.

The PowerShares QQQ Trust (QQQ) has 115,000 contracts changing hands, 82,000 of which are puts. The iShares Russell 2000 Fund (IWM) is next with volume of 85,000, with 58,000 puts.

The iShares Silver Fund (SLV) and the SPDR Gold Shares Fund (GLD) have both traded about 48,000 options, the former with calls outpacing puts by 2 to 1, and the latter with slightly more puts than calls.

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