CBOE'S NOVEMBER IS A NEW ALL-TIME HIGH
The Chicago Board Options Exchange (CBOE) announced that average daily volume during November totaled 4,626,640 contracts, a new all-time high for the Exchange. November's record average daily volume exceeded the previous high of 4,589,206 contracts during August 2007. For the month of November, CBOE traded a total of 97,159,445 contracts, up 62% from the 59,827,503 contracts traded during November 2006.
Year-to-date, total volume at CBOE is 872,138,413 contracts, an increase of 40% over the 621,765,023 contracts from same period in 2006. On the year, CBOE's average daily volume stands at 3,775,491 contracts through the end of November 2007, compared to 2,691,623 contracts through the end of November 2006.
CBOE's November Market Share Of Industry Volume Was 31.3%
In November, CBOE's market share of total industry volume was 31.3%. This was an increase of almost one percentage point from October 2007. Year-to-date, CBOE's total market share of 33.2% is down slightly from the same period in 2006. In multiply-listed index and exchange traded fund options, CBOE's November market share rose 2.2 percentage points to 31.3%, up from October's 29.1%.
Volume in options on index and exchange traded funds (ETF) totaled 47,964,974 contracts during November, up 100% from the 23,985,361 contracts traded during November 2006. Average daily volume for the month was 2,284,046 contracts.
Trading volume in options on the PowerShares QQQ Trust (
QQQQ) set a new all-time monthly record in November when 5,898,988 contracts traded, an increase of 130% over the November 2006 volume of 2,567,408 contracts, and surpassing the previous high of 4,708,147 contracts traded during August 2007.
Average daily volume in VIX options during November was 146,977 contracts, making VIX options the second most actively traded index, and the fifth most actively traded product at CBOE during the month.Total volume for the month in VIX options was 3,086,525 contracts, up 425% over November 2006. Year-to-date, 22.1 million contracts have traded, 392% ahead of November 2006's year-to-date volume of 4.5 million contracts.
The top five most-actively traded index and ETF options at CBOE during November were S&P 500 Index (
SPX), iShares Russell 2000 Index Fund (
IWM), PowerShares QQQ Trust (
QQQQ), Standard & Poor's Depositary Receipts (
SPY) and CBOE Volatility Index (
VIX).
Total equity options volume for November rose 37% to 49,191,142 contracts, up from 35,841,571 contracts last November. For the month, average daily volume in equity options was 2,342,435 contracts.
- The top five most actively traded equity options during November were Citigroup, Inc. (
C), Apple, Inc. (
AAPL), Google Inc. (
GOOG), Research In Motion (
RIMM), and Wynn Resorts (
WYNN).
