Yesterday's QQQ options volume dwarfed the previous high of 154,565 contracts (141,172 calls and 13,393 puts) traded Wednesday, March 7. After just eight days of trading, open interest in the QQQ options stands at 2,292,140 contracts (1,649,999 calls and 642,141 puts).
The Nasdaq-100 Index Tracking StockSM (QQQ) represents ownership in the Nasdaq-100 TrustSM, a long-term unit investment trust established to accumulate and hold a portfolio of the equity securities that comprise the Nasdaq-100 Index®.
Wolverine Trading, L.P. is the Designated Primary Market Maker (DPM) for the QQQ options. Jim Harkness, the chief operating officer of Wolverine Trading commented: "The QQQ options have been incredibly successful since their debut; quickly becoming one of CBOE's most-actively traded index products. Investors are responding to the liquid markets provided by Wolverine and other experienced market makers familiar with index products as well as the fast, reliable and efficient execution available here." Mr. Harkness continued, "the QQQ options are an invaluable vehicle for investors seeking to hedge and adjust exposure in their technology-oriented stock portfolios."
CBOE, the world's largest options marketplace 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 site on the World Wide Web at http://www.cboe.com.
