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Midday index, ETF option volumes

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume is very strong as more than 9.1 million contracts have changed hands already today, with the top indexes and ETFs dominating the action, optionMONSTER data systems show.

More than 1.8 million options have turned over in the SPDR S&P 500 Fund (:SPY) as puts outnumber calls by nearly 2 to 1. Next up are the CBOE Volatility Index (:VIX) options at 469,000, with 300,000 calls. The S&P 500 Index (:SPX) options follow closely at 443,000, with 256,000 puts.

The iShares Russell 2000 Fund (:IWM) has 398,000 contracts trading, with 245,000 puts. Following are the options of the PowerShares QQQ Trust (:QQQ) at 353,000, 187,000 of which are puts.

The S&P 500 VIX Short-Term Futures Note (VXX) has 268,000 options traded, with calls slightly outpacing puts. The SPDR Financial Fund (XLF) has seen 184,000 move, with a put/call ratio of almost 3-1. The iShares Emerging Markets Fund (EEM) has seen 142,000 contracts trade, with 109,000 puts.

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