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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume tops 6.2 million contracts as it picks up from yesterday's sluggish action, dominated by the typical indexes and ETFs, according to optionMONSTER data systems.

The SPDR S&P 500 Fund (:SPY) has 816,000 options traded, with a put/call ratio of almost 2 to 1. Next up are the CBOE Volatility Index (:VIX) options at 390,000, dominated by 310,000 calls. Not far behind is the iShares Emerging Markets Fund (EEM) with volume of 350,000 and a put/call ratio of 2 to 1.

The iShares Russell 2000 Fund (IWM) has 242,000 contracts changing hands, led by 191,000 puts. The S&P 500 Index (:SPX) has seen 191,000 options turn over, with 122,000 puts. Close behind are the PowerShares QQQ Trust (:QQQ) options at 180,000, with 113,000 puts.

The iPath S&P 500 VIX Short-Term Futures Note (:VXX) has 132,000 contracts traded, with calls slightly outpacing puts. And the iShares Silver Fund (SLV) has 75,000 options traded, with calls outnumbering puts by 2 to 1. 

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