The Chicago Board Options Exchange (CBOE) today reported that daily volume in February averaged 4.2 million contracts, unchanged from February 2009 average daily volume (ADV). During the month, 80.7 million contracts changed hands at CBOE.
For the year to date, CBOE's ADV was up eight percent over the same period last year. February's monthly ADV of 4.2 million contracts marked a 12-percent decline from the 4.9-million-contract ADV in January 2010, the second busiest of any month of January in CBOE's history.
February index option ADV rose 35 percent, while equity options and options on exchange traded funds (ETFs) declined nine and six percent, respectively, from February 2009 ADV.
Trading volume in CBOE Volatility Index (VIX) options in February reached a new monthly all-time high of 4.8 million contracts, a 300-percent increase over February 2009 when 1.2 million VIX options contracts changed hands. This was the fifth consecutive monthly record for VIX options volume.
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Expanded February volume information for index and ETF options is available at: www.cboe.com/data/monthlyvolume.aspx.
CBOE February Market Share
- CBOE's market share of total U.S. options industry volume in February was 30.1 percent, an increase of 0.5 of a percentage point over January 2010 and a 1.4-percentage-point decline from February 2009.
- CBOE February market share for index options was 94.7 percent, up 4.4 percentage points from February 2009 and an increase of 0.3 of a percentage point from January 2010. ETF and equity option market share declined by 2.1 and 2.8 percentage points, respectively, from February 2009. February ETF option market share was unchanged compared with January 2010, while equity option market share rose 0.2 of a percentage point versus month-prior volume.
|
Current Month |
Year-To-Date |
|||||||
|
|
February
2010 |
February
2009 |
%
pt. Chg |
January
2010 |
%
pt. Chg |
February
2010 |
February
2009 |
%
pt. Chg |
|
Total
Exchange |
30.1% |
31.5% |
-1.4% |
29.6% |
0.5% |
30.1% |
31.9% |
-1.8% |
|
Equity
Options |
25.0% |
27.8% |
-2.8% |
24.8% |
0.2% |
25.0% |
28.3% |
-3.3% |
|
Index
Options |
94.7% |
90.3% |
4.4% |
94.4% |
0.3% |
94.6% |
91.2% |
3.4% |
|
ETF
Options |
23.8% |
25.9% |
-2.1% |
23.8% |
0.0% |
23.8% |
26.0% |
-2.2% |
February Highlights test:
-At CBOE Stock Exchange (CBSX), 264.0 million shares traded in February
(ADV 13.9 million shares), down nine percent from February 2009 volume of 289.2
million shares (ADV 15.2 million shares).
- February was the third-busiest trading month on record for the CBOE Futures Exchange, LLC (CFE). A total of 188,236 contracts traded at CFE during the month, up 359 percent compared to 41,051 contracts traded in February 2009, but down 15 percent from January 2010, when an all-time high 221,025 contracts traded.
- The top five most actively traded index and ETF options at CBOE were the S&P 500 Index (SPX), Standard & Poor's Depositary Receipts (SPY), CBOE Volatility Index (VIX), iShares Trust-Russell 2000 Index Fund (IWM) and PowerShares QQQ Trust (QQQQ).
- The top five most actively traded equity options at CBOE were Bank of America (BAC), Apple (AAPL), Citigroup (C), JPMorgan Chase & Co. (JPM) and General Electric (GE).
