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Midday index, ETF option volumes

Chris McKhann (chris.mckhann@optionmonster.com)

Total option volume is just over 5.1 million contracts so far today, though the action in major indexes and ETFs is relatively weak, according to optionMONSTER data systems.
The SPDR S&P 500 Fund (:SPY) has 671,00 options traded, with slightly more puts than calls. The CBOE Volatility Index (:VIX) has seen 173,000 contracts change hands as calls outpace puts by 4 to 1.

The iShares Russell 2000 Fund (IWM) has 141,000 contracts turning over, with 83,000 puts. Close behind are the S&P 500 Index (:SPX) options at 139,000, led by 98,000 puts. The PowerShares QQQ Trust (:QQQ) follows at 130,000, with 81,000 puts.

The iPath S&P 500 VIX Short-Term Futures Note (VXX) just breaks 100,000, with calls slightly outnumbering puts. And the iShares Brazil Fund (EWZ) has 85,000 options traded, with a put/call ratio of 2 to 1.

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