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The Chicago Board Options Exchange (CBOE) today reported that daily volume in January averaged nearly 4.9 million contracts, a 16-percent increase over January 2009 average daily volume (ADV) of 4.2 million contracts. During the month, 92.2 million contracts changed hands at CBOE versus 83.5 million contracts traded a year earlier.
January average daily volume for index options, equity options and options on exchange traded funds (ETFs) rose 35 percent, 13 percent and seven percent, respectively, over January 2009 ADV.
CBOE's ADV 4.9 million contracts in January eclipsed ADV of 4.2 million for December 2009, the busiest of any month of December in CBOE's history.
|
Current Month |
|||||
|
(trades in thousands) |
January 2010 |
January 2009 |
% Chg |
December 2009 |
% Chg |
|
Trading Days |
19 |
20 |
|
22 |
|
|
Total Exchange |
92,160.5 |
83,544.4 |
10% |
91,896.9 |
0% |
|
Total Exchange ADV |
4,850.6 |
4,177.2 |
16% |
4,177.1 |
16% |
|
Equity Options |
50,412.1 |
46,868.8 |
8% |
47,226.7 |
7% |
|
Equity Options ADV |
2,653.3 |
2,343.4 |
13% |
2,146.7 |
24% |
|
Index Options |
21,310.4 |
16,623.1 |
28% |
19,605.0 |
9% |
|
Index Options ADV |
1,121.6 |
831.2 |
35% |
891.1 |
26% |
|
ETF Options |
20,437.9 |
20,052.3 |
2% |
25,065.1 |
-18% |
|
ETF Options ADV |
1,075.7 |
1,002.6 |
7% |
1,139.3 |
-6% |
Expanded January volume information for index and ETF options is available at: www.cboe.com/data/monthlyvolume.aspx.
CBOE January Market Share
- CBOE's market share of total U.S. options industry volume in January was 29.6 percent, a decline of 2.8 percentage points from January 2009 and a 1.6-percentage-point decline from December 2009.
- CBOE January market share for index options was 94.4 percent, up 2.2 percentage points from January 2009 and an increase of 1.6 percentage points from December 2009. ETF and equity option market share declined by 2.2 and 4.0 percentage points, respectively, from January 2009.
|
Current Month |
|||||
|
|
January 2010 |
January 2009 |
% pt. Chg |
December 2009 |
% pt. Chg |
|
Total Exchange |
29.6% |
32.4% |
-2.8% |
31.2% |
-1.6% |
|
Equity Options |
24.8% |
28.8% |
-4.0% |
26.2% |
-1.4% |
|
Index Options |
94.4% |
92.2% |
2.2% |
92.8% |
1.6% |
|
ETF Options |
23.8% |
26.0% |
-2.2% |
26.7% |
-2.9% |
January Highlights
- At CBOE Futures Exchange (CFE), total trading volume and average daily volume established records for any month in the six-year history of the Exchange. A total of 221,025 contracts changed hands at CFE during the month, a 434-percent increase from 41,410 contracts traded in January 2009. The 11,632 contract ADV during January was 462 percent ahead of the year-ago average daily volume of 2,070 contracts. Volume in VIX futures reached a new all-time high as 220,226 contracts traded, an increase of 438 percent from 40,911 contracts in January 2009.
- Trading volume in CBOE Volatility Index (VIX) options reached a new all-time high with almost 4.5 million contracts traded and an average daily volume of 236,750 contracts. The previous record was set in December 2009 with nearly 4.4 million contracts traded and an ADV of 198,180 contracts.
- At CBOE Stock Exchange (CBSX), 348.5 million shares traded in January (ADV 18.3 million shares), up 4.3 percent from January 2009 volume of 334.0 million shares (ADV 16.7 million shares). January was the most active month in the last six months at the Exchange.
- 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), PowerShares QQQ Trust (QQQQ), and iShares Trust-Russell 2000 Index Fund (IWM).
- The top five most actively traded equity options at CBOE were Citigroup (C), Bank of America (BAC), Apple (AAPL), Intel (INTC), and JPMorgan Chase & Co. (JPM).
