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Last Updated: Feb 9, 2009 - 6:15:54 PM |
CBOE JANUARY VOLUME OF 83.5 MILLION CONTRACTS 26%
The Chicago Board Options Exchange (CBOE) reported that 83,544,370 contracts changed hands at the Exchange in January. Daily volume averaged 4.2 million contracts, up 26 percent from December 2008. Average daily trading volume (ADV) for the month was down 21 percent from January 2008 when 110.8 million contracts (5.3 million contracts ADV) were traded during the most active January in CBOE's history.
CBOE cash-settled index options volume at 16.6 million contracts in January averaged 831,155 contracts per day, up 13 percent over December and down 27 percent compared with January 2008 average daily volume. ETF options monthly volume, 20.1 million contracts, averaged one million contracts per day in January, a 16-percent increase over December 2008 and a 34-percent drop from one year ago. Equity options volume at CBOE totaled 46.9 million contracts; average daily volume of 2.3 million contracts reflected a 37-percent increase over December and an 11-percent decrease from January 2008.Expanded information on January volume for index
CBOE's January Market Share of 32.4% Up from Year Ago
In January, CBOE's market share of total options industry volume was 32.4 percent, up 1.4 percentage points from January 2008 market share and down 0.5 percentage points from December 2008.CBOE index options market share of 92.1 percent rose 5.5 percentage points against January 2008.In equity options, CBOE's January market share was 28.8 percent, an increase of 4.5 percentage points compared to a year ago. CBOE ETF options market share during the month dropped 5.1 percentage points from January 2008 to 26.0 percent in January 2009.
During January:
The five most actively traded index and ETF options products at CBOE were S&P 500 Index (SPX), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ), iShares Russell 2000 Index Fund (IWM), and CBOE Volatility Index (VIX).
The five most actively traded equity options were Citigroup (C), General Electric Company (GE), Bank of America (BAC), JP/Morgan Chase (JPM), and Wells Fargo & Company (WFC).
Five CBOE memberships changed hands, ranging from $1.5 million to 1.75 million.
Volume at the CBOE Futures Exchange (CFE) totaled 41,410 contracts, a drop of two percent from 42,223 contracts traded during December 2008. Average daily volume during the month was 2,070 contracts, an increase of eight percent over December 2008 when 1,919 contracts per day changed hands.When compared to year-ago volume of 96,743 contracts traded, which was the busiest January in CFE history, January 2009 volume was down 57 percent. January 2009 average daily volume of 2,070 contracts was off 55 percent versus 4,607 contracts per day during January 2008.
- Volume at the CBOE Stock Exchange (CBSX) totaled 334,001,334 shares, an average daily volume of 16,700,067 shares. This was a 33-percent increase over January 2008 average daily volume of 12,597,689 shares.
© Copyright 2008 by OptionsMentoring.com
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