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Midday index, ETF option volumes

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume tops 5.1 million contracts so far today, with relatively bearish sentiment in the top indexes and ETFs, according to optionMONSTER data systems.

The SPDR S&P 500 Fund (:SPY) has 553,000 contracts traded, with 341,000 puts. The S&P 500 Index (:SPX) has seen 134,000 options turn over, with a put/call ratio of 2 to 1.

The iShares Russell 2000 Fund (IWM) has 107,000 contracts changing hands, dominated by 83,000 puts. The PowerShares QQQ Trust (QQQ) just tops 100,000 with 60,000 puts .

The CBOE Volatility Index (:VIX) is just shy of 100,000 options, with 56,000 calls. The iPath S&P 500 VIX Short-Term Futures Note (VXX) has 63,000 options traded, led by 40,000 calls.

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