The Chicago Board Options Exchange (CBOE) today reported that trading volume during November 2009 averaged 4.2 million contracts per day, down eight percent from November 2008 average daily volume (ADV) of 4.6 million contracts. Total options volume during the month dropped three percent to 84.2 million contracts from 86.7 million in November 2008.
Year to date through November, CBOE trading volume exceeded one billion contracts, a seven-percent decline from the same period in 2008 when 1.1 billion contracts changed hands.
| Current
Month |
Year-To-Date |
|||||||
|---|---|---|---|---|---|---|---|---|
| (trades in thousands) |
November 2009 |
November 2008 |
% Chg |
October 2009 |
% Chg |
November 2009 |
November 2008 |
% Chg |
| Trading Days |
20 |
19 |
22 |
230 |
231 |
|||
| Total Exchange |
84,180.9 |
86,724.9 |
-3% |
101,810.1 |
-17% |
1,042,867.4 |
1,120,541.1 |
-7% |
| Total Exchange ADV |
4,209.0 |
4,564.5 |
-8% |
4,627.7 |
-9% |
4,534.2 |
4,850.8 |
-7% |
| Equity Options |
42,579.8 |
42,476.2 |
0% |
57,313.0 |
-26% |
587,483.7 |
566,330.2 |
4% |
| Equity Options ADV |
2,129.0 |
2,235.6 |
-5% |
2,605.1 |
-18% |
2,554.3 |
2,451.6 |
4% |
| Index Options |
20,352.9 |
19,801.2 |
3% |
21,797.6 |
-7% |
203,176.8 |
243,348.4 |
-17% |
| Index Options ADV |
1,017.6 |
1,042.2 |
-2% |
990.8 |
3% |
883.4 |
1,053.5 |
-16% |
| ETF Options |
21,248.1 |
24,446.7 |
-13% |
22,699.5 |
-6% |
252,201.1 |
310,859.1 |
-19% |
| ETF Options ADV |
1,062.4 |
1,286.7 |
-17% |
1,031.8 |
3% |
1,096.5 |
1,345.7 |
-19% |
Expanded November index and ETF options volume information is available on the CBOE website at: http://www.cboe.com/data/monthlyvolume.aspx.
CBOE's November Market Share at 31.8 Percent Leads Industry
CBOE's market share of total industry volume in November was an industry-leading 31.8 percent, an increase of 0.9 percentage points over October 2009 and a 3.7-percentage-point decrease from November 2008.
| Current
Month |
Year-To-Date |
|||||||
|---|---|---|---|---|---|---|---|---|
| November 2009 |
November 2008 |
% pt. Chg |
October 2009 |
% pt. Chg |
November 2009 |
November 2008 |
% pt. Chg |
|
| Total Exchange |
31.8% |
35.4% |
-3.7% |
30.8% |
0.9% |
31.4% |
33.3% |
-1.9% |
| Equity Options |
26.0% |
29.9% |
-3.9% |
26.6% |
-0.6% |
27.7% |
27.3% |
0.4% |
| Index Options |
92.2% |
93.0% |
-0.9% |
92.3% |
-0.1% |
91.1% |
88.6% |
2.5% |
| ETF Options |
26.8% |
29.9% |
-3.1% |
24.9% |
1.9% |
25.9% |
30.7% |
-4.8% |
CBOE November 2009 Highlights:
- Exercise right litigation appeals settlement: On November 30, CBOE announced that the Exchange had reached a settlement of the appeals in the exercise right litigation.For more information, refer to http://www.cboe.org/publish/InfoCir/IC09-348.pdf.
- At CBOE Futures Exchange (CFE), average daily volume (ADV) during November 2009 totaled 9,228 contracts, the highest monthly ADV in the six-year history of the Exchange. November's ADV rose 230 percent over 2,798 contracts per day in November 2008 and was up eight percent from October 2009 ADV.November was the seventh consecutive month in 2009 in which CFE has posted an average-daily-volume gain over the previous month.
- Record VIX options volume: CBOE Volatility Index (VIX) options trading volume reached an all-time monthly high in November as 4,162,388 contracts changed hands, an average daily volume of 208,119 contracts.
- Record GLD options volume: Options on the SPDR Gold Trust (GLD) hit a monthly volume record as 1,716,931 contracts traded in November, an average daily volume of 85,847 contracts.
- The top five most actively traded equity options at CBOE during November were Bank of America (BAC), Citigroup (C), Apple (AAPL), General Electric Company (GE) and Ford Motor Company (F).
- The top five most actively traded index and ETF options at CBOE during November were S&P 500 Index (SPX), Standard & Poor's Depositary Receipts (SPY), CBOE Volatility Index (VIX), PowerShares QQQ Trust (QQQQ) and options on the SPDR Gold Trust (GLD).
- At CBOE Stock Exchange (CBSX), 236.1 million shares traded, with an average daily volume of 11.8 million shares, down 49 percent from November 2008 volume of 443.4 million shares and down 6.9 percent from 253.7 million shares in October 2009.
