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Index, ETF option volumes near midday

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume is expectedly low at just 4 million contracts a day before Thanksgiving, with the typical names making up most of the action in indexes and ETFs, optionMONSTER's data systems show.

The SPDR S&P 500 Fund (SPY) has 555,000 options traded, with 305,000 puts. Next up are the CBOE Volatility Index (:VIX) has seen 283,000 contracts turn over, dominated by 233,000 calls as the November options settled this morning. The S&P 500 Index (:SPX) options follow at 202,000, with a put/call ratio of more than 2 to1.

The PowerShares QQQ Trust (QQQ) has 107,000 contracts changing hands as calls outpace puts by 2 to 1. Not far behind are the iShares Russell 2000 Fund (IWM) options at 92,000, led by 60,000 puts.

The iPath S&P 500 VIX Short-Term Futures ETN (VXX) options have traded 75,000 times, with slightly more calls than puts. The iShares Emerging Markets Fund (EEM) has 63,000 options moving, also with slightly more calls than puts.

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