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Year-to-date, CBOE's average daily volume is 3.5 million contracts, an increase of 31% over the same period in 2006 when volume averaged 2.7 million contracts daily. Total volume year-to-date is more than 513 million contracts, an increase of 31% over last year when 392 million contracts had traded through the end of July.
Total equity options volume (excluding ETFs) for the month of July at CBOE rose 60% to a record 46.1 million contracts, up from 28.8 million in July 2006. Year-to-date equity options volume at CBOE is up 24% to 278.9 million contracts.Index and Exchange Traded Fund (ETF) volume totaled 41.1 contracts for the month, an increase of 68% over July 2006, when 24.4 million contracts traded. Year-to-date, Index and ETF volume totaled 234.3 million contracts, an increase of 40 percent over YTD 2006.
|
|
July 2007 Volume (21 days) |
% Change vs July 2006 (20 days) |
% Change vs June 2007 (21 days) |
Year-To-Date Volume (145 days) |
% Change vs 2006 (145 days) |
|---|---|---|---|---|---|
|
Industry Total |
265,867,612 |
+72% |
+19% |
1,525,172,387 |
+31% |
|
CBOE Total |
87,208,873 |
+64% |
+17% |
513,204,040 |
+31% |
|
Avg Daily Vol |
4,152,803 |
+56% |
+17% |
3,539,338 |
+31% |
|
Equity |
46,126,429 |
+60% |
+23% |
278,937,796 |
+24% |
|
Index & ETF |
41,082,103 |
+68% |
+11% |
234,261,921 |
+40% |
|
ETF (only) |
20,254,096 |
+76% |
+15% |
107,542,213 |
+40% |
|
Open Interest |
263,696,481 |
+34% |
+6% |
----- |
----- |
CBOE's Market Share of 33% in July Leads Industry
In July, CBOE's market share of total industry volume was 32.8%. This was a decrease of about one and a half percentage points from July 2006. Year-to-date, CBOE's total market share of 33.7% is unchanged from the same period in 2006.
|
CBOE Market Share |
July 2007 Market Share |
% Change vs
July 2006 |
% Change vs June 2007 |
Year-To-Date Market Share |
% Changevs 2006 |
|---|---|---|---|---|---|
|
Exchange |
32.8% |
-1.6% |
-0.4% |
33.7% |
unchanged |
|
Equity |
25.6% |
-1.1% |
+0.2% |
25.9% |
-0.5% |
|
Index & ETF (multiple listings only) |
36.4% |
-3.5% |
+0.4% |
39.4% (last 12 months) |
-0.1% |
New Volume Records for Total Volume, Equities and VIX Options Set In July
New Monthly Volume Records:
Total Volume: 87,208,873 contracts. Previous record:82,963,812 in March 2007.
Average Daily Volume: 4,152,803 contracts. Previous record: 3,771,082 in March 2007.
Equity Volume: 46,126,429 contracts. Previous record: 43,496,845 in May 2007.
CBOE Volatility Index (VIX) Options: 2,628,601 contracts. Previous record: 2,000,936 in June 2007.
S&P Depositary Receipts SPDRs (SPY): 4,694,843 contracts. Previous record: 4,337,983 in June 2007.
iShares Russell 2000 Index Fund (IWM): 7,805,201 contracts. Previous record: 7,311,583 in March 2007.
Russell 2000 Index (RUT): 869,247 contracts. Previous record: 477,908 in May 2007.
New Single-Day Volume Records:
Total Volume:6,951,111 on July 26, 2007. Previous record: 6,722,060 on February 27, 2007.
Equity Options: 3,191,266 on July 20, 2007. Previous record: 2,878,351 on January 20, 2006.
VIX Options: 325,577 on July 11, 2007. Previous record: 277,260 on May 16, 2007.
* Average daily volume in VIX options during July was 125,171 contracts, making VIX options the second most actively traded index, and the fifth most actively traded product at CBOE during the month.
* The top five most-actively traded index and ETF options at CBOE during July were S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), Nasdaq-100 Index Tracking Stock (QQQ), and CBOE Volatility Index (VIX).
* The top five most actively traded equity options during the month were Apple, Inc. (AAPL), Alcoa Inc. (AA), Research In Motion (RIMM), Yahoo! Inc. (YHOO) and Bristol Myers (BMY).
* CBOE released its second quarter earnings on July 17. Net income for the three-month period ending June 30, 2007 was $18.7 million, compared to $14.2 million during the second quarter in 2006. Revenues during the second quarter totaled $84.6 million, compared to $70.5 million for the second quarter last year. Year-to-date through the end of June, CBOE's pre-tax profit was $62.5 million, compared to pre-tax profit of $32.0 million for the same six-month period in 2006.
* On July 2, CBOE and Standard & Poor's announced that a license was granted giving Ansbacher Investment Management, Inc. the right to use the CBOE S&P 500 PutWrite Index (PUT) as the strategic basis for a new options investment vehicle. PUT is a new CBOE benchmark index that measures the performance of a hypothetical portfolio that sells S&P 500 Index (SPX) put options against collateralized cash reserves held in a money market account.
* July was the busiest month ever at the CBOE Futures Exchange (CFE), with volume of 121,285 contracts, an increase of 314% over July 2006. CFE launched futures on the CBOE NASDAQ-100 Volatility Index (ticker symbol VXN, futures symbol VN) and the CBOE Russell 2000 Volatility Index (ticker symbol RVX, futures symbol VR) on July 6.
* July volume at the CBOE Stock Exchange (CBSX) was 108,888,700 shares, up 115% over the previous month's volume of 50,634,353.Average daily volume at CBSX was 5.4 million shares, and a total of 195,032 trades were executed during July. CBSX was launched on March 5, 2007.
* A CBOE membership, or seat, traded at a new high price of $2,650,000 on July 24. This topped the previous record of $2,600,000, which was set on July 12. During July, eight seats traded, bringing the total number of seat sales for the year to 69. The last sale of the month, at $2,600,000, was on July 26.
CBOE Individual Index Volume Figures For July 2007
|
Symbol |
Product |
Total Volume |
% Change vs July 06 |
% Change vs June 07 |
Open Interest |
% Change vs 2006 |
|---|---|---|---|---|---|---|
|
SPX |
S&P 500 Index |
13,563,235 |
+59% |
+2% |
10,308,506 |
+29% |
|
VIX |
CBOE Volatility Index (options) |
2,628,601 new record |
+967% |
+31% |
1,747,470 |
+106% |
|
SPY |
Standard & Poor's Depositary Receipts (SPDRs) |
4,694,843 new record |
+98% |
+8% |
8,147,113 |
+107% |
|
XSP |
Mini-S&P 500 Index |
102,416 |
-36% |
-34% |
844,553 |
-6% |
|
OEX |
S&P 100 Index (American-Style Exercise) |
1,376,793 |
-7% |
+4% |
336,343 |
-27% |
|
XEO |
S&P 100 Index
(European-Style Exercise) |
187,490 |
-53% |
-24% |
108,418 |
-12% |
|
DJX |
Dow Jones Industrial Average |
836,724 |
+8% |
+29% |
730,563 |
-8% |
|
DIA |
DIAMONDS Trust, Series 1 |
631,569 |
-2% |
-3% |
1,503,457 |
+34% |
|
NDX |
Nasdaq-100 Index |
661,354 |
+15% |
+20% |
587,694 |
+16% |
|
MNX |
CBOE Mini-NDX Index (based on Nasdaq-100) |
407,517 |
+20% |
+55% |
1,902,081 |
-7% |
|
QQQ |
Nasdaq-100 Index Tracking Stock |
3,530,351 |
+21% |
+33% |
8,761,607 |
+27% |
|
RUT |
Russell 2000 Index |
869,247 new record |
+671% |
+85% |
2,028,828 |
+214% |
|
IWM |
iShares Russell 2000
Index Fund |
7,805,201 new record |
+87% |
+8% |
8,931,877 |
+32% |
|
SMH |
Semiconductor HOLDRs Trust |
136,053 |
-39% |
-45% |
1,036,084 |
-2% |
|
OIH |
Oil Services HOLDRs Trust |
315,710 |
+38% |
+15% |
753,510 |
+74% |
|
EEM |
iShares MSCI Emerging Markets Index |
610,538 |
+287% |
+14% |
925,645 |
+337% |
|
XLF |
Financial Select SPDR |
948,414 |
+2108% |
+143% |
3,822,224 |
+300% |
|
XLE |
Energy Select SPDR |
378,341 |
+28% |
+52% |
1,288,342 |
-7% |
CBOE, the largest options marketplace in the U.S. and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE website at: www.cboe.com/.
