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In June 2009, CBOE ADV totaled 4.2 million contracts, down 14 percent from an average 4.9 million contracts traded per day in June 2008, the busiest June in CBOE's history.More than 92.5 million contracts were traded in June 2009, down ten percent from June 2008 volume of 103.3 million contracts.
Total June 2009 equity options trading volume at CBOE was 52.1 million contracts, down four percent from 54.4 million contracts traded in June 2008.Daily trading volume in equity options during June 2009 averaged 2.4 million contracts, an eight-percent decrease from an average 2.6 million contracts traded per day in June 2008.
Index options volume at CBOE totaled 18.0 million contracts in June 2009, a 12-percent decrease from June 2008 when 20.5 million contracts were traded. Average daily trading volume in cash-settled index options at CBOE in June 2009 was nearly 820,000 contracts, down 16 percent compared to ADV of 978,000 contracts in June 2008.
Total ETF options volume at CBOE in June 2009 totaled 22.4 million contracts, down 21 percent from a year ago when 28.4 million contracts changed hands. ETF options daily volume at CBOE averaged one million contracts in June, a 25-percent drop from June 2008 ADV of 1.4 million contracts.
Expanded information on June index and ETF options volume is available at http://www.cboe.com/data/monthlyvolume.aspx,
|
|
June 2009 Volume (22 days) |
% Change vs June 2008 (21 days) |
% Change vs. May 2009 (20 days) |
Year-To-Date Volume (124 days) |
% Change vs 2008 (125 days) |
|---|---|---|---|---|---|
|
Industry Total |
315,656,061 |
4% |
0% |
1,815,316,203 |
5% |
|
CBOE Total |
92,536,123 |
-10% |
-7% |
569,980,817 |
2% |
|
CBOE Total ADV |
4,206,187 |
-14% |
-15% |
4,596,619 |
3% |
|
Equity |
52,130,150 |
-4% |
-11% |
323,677,124 |
10% |
|
Equity ADV |
2,369,552 |
-8% |
-19% |
2,610,299 |
11% |
|
Cash-Settled Index |
18,028,160 |
-12% |
8% |
106,219,417 |
-8% |
|
Cash-Settled Index ADV |
819,462 |
-16% |
-2% |
856,608 |
-7% |
|
ETF Options |
22,377,150 |
-21% |
-6% |
140,078,912 |
-6% |
|
ETF Options ADV |
1,017,143 |
-25% |
-15% |
1,129,669 |
-5% |
|
Exchange Open Interest |
246,636,065 |
-9% |
-3% |
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CBOE's year-to-date trading volume through May totaled 477.4 million contracts, a five-percent increase over the 454.5 million contracts traded during the same five-month period in 2008.Year-to-date ADV was 4.7 million contracts, a seven-percent increase over January through May 2008 when volume averaged 4.4 million contracts daily.
CBOE YTD Market Share 31.4 Percent; June Market Share 29.3 Percent
|
CBOE Market Share |
June 2009 Market Share |
% Pt. Change vs June 2008 |
% Pt. Change vs May 2009 |
Year-To-Date Market Share |
% Pt. Change vs 2008 |
|---|---|---|---|---|---|
|
Exchange |
29.3% |
-4.7% |
-2.2% |
31.4% |
-0.7% |
|
Equity |
26.6% |
-2.7% |
-0.9% |
28.1% |
1.9% |
|
Index |
90.9% |
4.0% |
0.7% |
90.6% |
3.5% |
|
ETF |
22.4% |
-7.5% |
-6.2% |
25.6% |
-5.2% |
CBOE's market share of total industry volume year to date is 31.4 percent, down 0.7 of a percentage point from the same period in 2008. In June 2009 CBOE market share was 29.3 percent, down 4.7 percentage points from June 2008 and 2.2 percentage points from May 2009.CBOE recorded a 90.9-percent market share in cash-settled index options, up four percentage points from June 2008 and up 0.7 of percentage point from May 2009.CBOE market share for equity options during June was 26.6 percent, down 2.7 percentage points from June 2008 and down 0.9 of a percentage point from May 2009.CBOE ETF options market share was 22.4 percent in June was 22.4 percent, down 7.5 percentage points from June 2008 and down 6.2 percentage points from May 2009.
June Highlights
-The top five most actively traded equity options during June were Citigroup, Inc. (C), Bank of America (BAC), General Electric (GE), Apple (AAPL), and Research in Motion Limited (RIMM).
-The top five most actively traded index and ETF options at CBOE during June were S&P 500 Index (SPX), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ), CBOE Volatility Index (options) (VIX), and iShares Russell 2000 Index Fund (IWM).
-The CBOE Futures Exchange, LLC (CFE) announced that average daily volume during June was the highest to date during 2009, while total trading volume at CFE reached its highest level since October 2008.The 3,012 contracts traded per day during June was an increase of six percent from 2,836 contracts traded during May 2009.Total trading volume during June 2009 was 66,254 contracts, 17 percent ahead of the previous month when 56,728 contracts changed hands.Compared to a year ago, June 2009 total volume fell 33 percent from 99,501 contracts traded in June 2008.June 2009 volume in VIX futures, based on the CBOE Volatility Index (ticker VX), totaled 65,007 contracts, an increase of 18 percent from 55,092 contracts traded during the previous month, but a decline of 30 percent from 93,075 contracts traded in June 2008.
-At the CBOE Stock Exchange (CBSX), June 2009 trading volume totaled 403,865,477 shares, up 55 percent over June 2008 volume of 260,865,659 million shares.June average daily volume at CBSX was 18,357,522 shares.
-During June, two CBOE memberships changed hands, the highest of which sold for $1.9 million.
Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options on the CBOE Volatility Index (VIX), the world's barometer for market volatility. Other groundbreaking products engineered by CBOE include equity options, security index options, LEAPS, FLEX options, and benchmark products such as the CBOE BuyWrite Index (BXM). CBOE's Hybrid Trading System incorporates electronic and open-outcry trading, enabling customers to choose their trading method.CBOE's Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE is home to the world-renowned Options Institute and http://www.cboe.com/, named "Best of the Web" for options information and education.
