Midday index, ETF option volumes

Option volume has picked up with 5.8 million contracts so far today, with activity spread throughout the major indexes and ETFs, optionMONSTER data systems show.

The SPDR S&P 500 Fund has only 546,000 options traded, with 330,000 puts. The S&P 500 Index (:SPX) options have turned over 245,000 times, with puts slightly outnumbering calls. Not far behind are the options of the CBOE Volatility Index (:VIX) at 234,000, dominated by 204,000 calls.

The iShares Russell 2000 Fund (IWM) has 195,000 contracts changing hands, with a put/call ratio of 3 to 1. Next up is the PowerShares QQQ Trust (:QQQ) at 144,000, with puts slightly outpacing calls.

The iShares Emerging Markets Fund (EEM) has seen 92,000 options trade, led by 65,000 puts. The iPath S&P 500 VIX Short-Term Futures Note (VXX) has 81,000 options moving, with calls outpacing puts by more than 2 to 1.


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