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Midday index, ETF option volumes

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume tops 5.3 million contracts so far today, with the broad index and ETF names topping the action, optionMONSTER data systems show.

The SPDR S&P 500 Fund (:SPY) has 466,000 contracts turning over, with 285,000 puts. Following is volume in the iShares Emerging Markets Fund (EEM) at 286,000, with a put/call ratio approaching 3 to 1.

The S&P 500 Index (:SPX) has seen 214,000 options turn over, with 120,000 puts. The PowerShares QQQ Trust (:QQQ) has 113,000, including 63,000 calls.

The iShares Russell 2000 Fund (:IWM) has just 87,000 contracts changing hands, led by 50,000 puts. The CBOE Volatility Index (:VIX) has 75,000 options trading, with calls outpacing puts by more than 6 to 1. The iPath S&P 500 VIX Short-Term Futures Note (VXX) has 60,000 options moving, dominated by 48,000 calls.

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