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Index, ETF option volumes near midday

Mike Yamamoto (mike.yamamoto@optionmonster.com)

Total option volume is strong today with 6.8 million contracts changing hands as the typical indexes and ETFs dominating the action, optionMONSTER data systems show.

More than 1.6 million SPDR S&P 500 Fund (:SPY) options have traded, with puts slightly outpacing calls. Next up are the S&P 500 Index (:SPX) options at 480,000, evenly split between calls and puts.

The iShares Russell 2000 Fund (IWM) has 196,000 contracts changing hands, with a put/call ratio of almost 3 to 1. Just behind are the PowerShares QQQ Trust (QQQ) options at 192,000, with 111,000 calls.

The iShares Emerging Markets Fund (EEM) has seen 116,000 options turn over, led by 86,000 puts. The CBOE Volatility Index (:VIX) has 102,000 options traded, with 58,000 puts. The iPath S&P 500 VIX Short-Term Futures Note (:VXX) has 87,000 options moving, with 47,000 puts.

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