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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume has reached 5.4 million contracts so far, with the index and ETF options making up the vast majority of that action, optionMONSTER data systems show.

The SPDR S&P 500 Fund (:SPY) has 640,000 options traded, with 367,000 puts. The CBOE Volatility Index (:VIX) has 288,000 contracts changing hands, 168,000 of which are calls.

The iShares Russell 2000 Fund (IWM) just tops 200,000, with a put/call ratio of almost 2 to 1. Close behind are the S&P 500 Index (:SPX) options at 188,000, led by 133,000 puts.

The SPDR Financial Fund (XLF) has seen 118,000 options turn over, with calls outpacing puts by 5 to 1. Following are the iPath S&P 500 VIX Short-Term Futures Note (:VXX) options at 112,000, with 74,000 puts.

The PowerShares QQQ Trust (:QQQ) has 106,000 contracts changing hands, evenly split between calls and puts. And the SPDR Gold Shares Trust (:GLD) has 82,000 options traded, with 48,000 calls.

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