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Total index and ETF options volume at CBOE was 28.7 million contracts, an impressive increase of 56% over April 2006 volume.Some of the top gainers (compared to April 2006 volume) include options on the CBOE Volatility Index (VIX), up 289%; S&P Depositary Receipts (SPY), up 114%; Financial Select SPDR (XLF), up 158%; iShares MSCI Emerging Markets Index (EEM), up 718%, and the S&P 500 Index (SPX) up 72%. Year-to-date, volume in all index and ETF products increased 59% to 122,208,586 contracts.
Trading in stock options at CBOE continued to gain momentum as volume in April totaled 39.7 million contracts, an increase of 23% over April 2006, and up 18% year-to-date versus one year ago.
|
Total Volume |
April 2007 Volume (20 days) |
% Change vs April 2006(19 days) |
% Change vs Mar 2007 (22 days) |
Year-To-Date Volume (81 days) |
% Change vs 2006 (81 days) |
|---|---|---|---|---|---|
|
Industry Total |
196,883,295 |
+30% |
-14% |
806,306,082 |
+27% |
|
CBOE Total |
68,433,884 |
+35% |
-17% |
274,011,826 |
+34% |
|
Avg Daily Vol |
3,421,694 |
+28% |
-9% |
3,382,862 |
+34% |
|
Equity |
39,734,625 |
+23% |
-1% |
151,799,993 |
+18% |
|
Index & ETF |
28,699,043 |
+56% |
-33% |
122,208,586 |
+59% |
|
ETF (only) |
12,269,679 |
+56% |
-37% |
54,323,741 |
+64% |
|
Open Interest |
220,815,858 |
+26% |
+2% |
----- |
----- |
| Total Volume | April 2007 Volume(20 days) | % Change vs April 2006 (19 days) | % Change vs Mar 2007(22 days) | Year-To-Date Volume(81 days) | % Change vs 2006(81 days) |
For April, CBOE market share of total industry volume was nearly 35%. This was an increase of 1.4 percentage points over April 2006 and a decrease of 1.5 percentage points from March 2007. Year-to-date, CBOE's total market share of 34% is 1.8 percentage points ahead of 2006.CBOE's year-to-date market share in multiply listed index and ETF options is 41%, while market share in equity options (excluding ETFs) is 27%.
|
CBOE Market Share |
April 2007 Market Share |
% Change vs
April 2006 |
% Change vs Mar 2007 |
Year-To-Date Market Share |
% Change vs 2006 |
|---|---|---|---|---|---|
|
Exchange |
34.8% |
+1.4% |
-1.5% |
34.0% |
+1.8% |
|
Equity |
27.2% |
-.07% |
+.4% |
26.0% |
+.06% |
|
Index & ETF (multiple listings only) |
41.9% |
+.5% |
+1.2% |
40.8% (last 12 months) |
+1.3% |
CBOE'S First Quarter Revenue Increased 31% To $77.8 Million; CBOE Seats Sold For New Record Prices In April
- On April 23, CBOE released its unaudited First Quarter 2007 Financial Statement. Total revenue for the first three months of 2007 increased 31% to $77.8 million, up from $59.2 million from the First Quarter of 2006. Net income for 1Q 2007 was $17.6 million, compared to $5.0 million from 1Q 2006, while pre-tax profit totaled $30.3 during 1Q 2007, versus the 8.3 million in 1Q 2006.
- Twelve CBOE seats changed hands during April, setting new record high prices. On the last day of the month, April 30th, six seats traded, with three trading at a new all-time record high price of $2,400,000. There have been 36 CBOE seat sales year-to-date, and CBOE seat prices have risen 33% from the first sale of $1,800,000 on January 10th.
- Total volume in index and exchange traded fund (ETF) options during April was 28.7 million contracts, up 56% over April 2006's volume of 18.3 million contracts. The top five most-actively traded index and ETF options at CBOE during April were S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), Nasdaq-100 Index Tracking Stock (QQQQ) and S&P 100 Index (OEX) options. Options on the CBOE Volatility Index (VIX) were the sixth most actively traded product at CBOE.
- In April, volume in equity options totaled 39.7 million contracts, an increase of 23% over April 2006's volume of 32.3 million contracts. The top five most actively traded equity options during the month were Dendreon Corporation (DNDN), Apple Computer, Inc. (AAPL), Neurochem, Inc. (NRMX), Intel Corporation (INTC), and Qualcomm, Inc. (QCOM).
- April volume at the CBOE Stock Exchange (CBSX), the newest U.S. stock exchange, was 55,594,790 shares, with an average daily volume of 2.8 million shares. A total of 119,946 trades were executed during April, CBSX's first full month of operation. By month's end, CBSX had 798 stocks listed for trading.
CFE Volume Increases 136% Over Last Year; Open Interest Up 55%
Volume at the CBOE Futures Exchange, LLC (CFE) during April totaled 41,644 contracts, an increase of 136% over April 2006's volume of 17,641 contracts. Average daily volume during April was 2,082 contracts. At month's end, total open interest stood at 45,075 contracts, up 2% from last month and up 55% over the end of April 2006.
Volume in VIX futures (ticker symbol VX) totaled 38,262 up 143% over last April. Open Interest in VIX futures stood at 41,013 at the end of April. Volume in Three Month Variance Futures (ticker symbol VT) was 1,679 contracts with open interest of 2,985 contracts at month's end.
|
CFE Total Volume |
Apr 2007 Volume |
% Change vs Apr 2006 |
% Change vs Feb 2007 |
Year-To-Date Volume |
% Change vs 2006 |
|---|---|---|---|---|---|
|
Exchange |
41,644 |
+136% |
+25% |
152,450 |
+122% |
|
Avg Daily Vol |
2,082 |
+124% |
+8% |
2,499 |
+141% |
|
Open Interest |
45,075 |
+55% |
+11% |
-- |
-- |
CBOE Individual Index Volume Figures For April 2007
|
Symbol |
Product |
Total Volume |
% Change vs Apr 06 |
% Change vs Mar 07 |
Open Interest |
% Change vs 2006 |
|---|---|---|---|---|---|---|
|
SPX |
S&P 500 Index |
11,698,049 |
+72% |
-30% |
9,544,704 |
+24% |
|
VIX |
CBOE Volatility Index (options) |
1,111,136 |
+289% |
-29% |
1,168,969 |
+233% |
|
SPY |
Standard & Poor's Depositary Receipts (SPDRs) |
2,930,866 |
+114% |
-31% |
5,747,922 |
+86% |
|
XSP |
Mini-S&P 500 Index |
50,182 |
-57% |
-68% |
910,226 |
+12% |
|
OEX |
S&P 100 Index (American-Style Exercise) |
1,186,159 |
-16% |
-22% |
345,601 |
+8% |
|
XEO |
S&P 100 Index
(European-Style Exercise) |
230,833 |
+37% |
-52% |
105,140 |
+30% |
|
DJX |
Dow Jones Industrial Average |
721,925 |
+36% |
-6% |
747,722 |
+10% |
|
DIA |
DIAMONDS Trust, Series 1 |
593,410 |
-13% |
-21% |
1,275,348 |
+15% |
|
NDX |
Nasdaq-100 Index |
556,445 |
+16% |
-33% |
607,371 |
+4% |
|
MNX |
CBOE Mini-NDX Index (based on Nasdaq-100) |
344,163 |
+9% |
-37% |
1,930,853 |
+10% |
|
QQQ |
Nasdaq-100 Index Tracking Stock |
2,675,733 |
+33% |
-35% |
7,408,899 |
+25% |
|
RUT |
Russell 2000 Index |
402,544 |
+72% |
-11% |
939,440 |
+94% |
|
IWM |
iShares Russell 2000
Index Fund |
4,051,169 |
+59% |
-45% |
7,054,868 |
+42% |
|
SMH |
Semiconductor HOLDRs Trust |
175,331 |
-5% |
-23% |
1,059,358 |
+8% |
|
OIH |
Oil Services HOLDRs Trust |
322,278 |
+27% |
+19% |
808,995 |
+77% |
|
EEM |
iShares MSCI Emerging Markets Index |
453,120 |
+718% |
-28% |
709,623 |
+1394% |
|
XLF |
Financial Select SPDR |
207,717 |
+158% |
-32% |
1,814,802 |
+262% |
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, visit the CBOE website at: http://www.cboe.com/.
