Options Industry Volume Increases 33% Over Last February
The Options Industry Council (OIC) announced that options trading volume in February rose 33.4 percent over the same period last year as 244,419,633 contracts changed hands during the month.
Equity options volume was also up in February with 224,808,922 contracts, an increase of 35 percent compared to 166,577,534 contracts traded in February of last year.
Continuing the high growth trend, year-to-date volume increased 59.97 percent over the same period last year. Total options volume currently stands at 601,582,921 contracts compared to last year’s 380,827,149 contracts.
The Options Clearing Corporation reported the following additional volume numbers:
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Average daily total options volume is 12,220,981 contracts (up 26.71 percent from February 2007)
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Average daily equity options volume is 11,240,446 contracts (up 28.21 percent from February 2007)
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Year-to-date daily average for total options is 14,672,755 contracts (up 50.26 percent over same period in 2007)
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Year-to-date daily average for equity options is 13,502,199 contracts (up 51.07 percent over same period in 2007)
CBOE FEBRUARY VOLUME INCREASES 28% TO 78.7 MILLION
AVERAGE DAILY VOLUME AT 3.9 MILLION CONTRACTS
The Chicago Board Options Exchange (CBOE) announced that February volume totaled 78.7 million contracts, an increase of 28.4% over February 2007's volume of 61.3 million contracts. Average daily volume for the month was 3.9 million contracts.
Total volume in index and exchange traded fund (ETF) options during February was 38.4 million contracts traded, up 42.3% over February 2007's volume of 26.9 million contracts. The top five most-actively traded index and ETF options at CBOE during February were: S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ) and VIX Options (VIX).
Total volume for the month in VIX options was 1,995,487 contracts, up 130% over February 2007's volume of 866,495 contracts.
