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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Option volume has picked up with today's rally as 6.3 million contracts have traded so far, with the normal index and ETF names leading the way.

The SPDR S&P 500 Fund (SPY) has 1.2 million options traded, with 672,000 puts. The S&P 500 Index (:SPX) options have turned over 330,000 contracts, with a put/call ratio of 2 to 1.

The iShares Russell 2000 Fund (IWM) has 186,000 contracts changing hands, 118,000 of which are puts. The CBOE Volatility Index (:VIX) has 144,000 options moving, led by 89,000 calls.

The PowerShares QQQ Trust (QQQ) has seen 124,000 options turned over, with 73,000 puts. Next up are the iPath S&P 500 VIX Short-Term Futures Note (VXX) options at 110,000, with 62,000 calls.

The SPDR Gold Shares Fund (GLD) has 82,000 options traded, 44,000 of which are calls.

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