Trading volume at CBOE during the Third Quarter of 2006 totaled 162,256,386 contracts traded, 37% above the 118,438,865 contracts traded during the Third Quarter of 2005. At the end of September, CBOE's year-to-date total volume stands at 498,654,892 contracts, surpassing CBOE's total volume of 468,249,301 contracts traded for all of 2005. Additionally, CBOE volume at the end of September in equity options (285.0 million) and index options (213.6 million) has also topped the 2005 totals of 275.6 million and 192.5 million, respectively.
|
Total Volume |
Sept 2006 Volume |
% Change vs Sept 2005 |
% Change vs August 2006 |
Year-To-Date Volume |
% Change vs 2005 |
|---|---|---|---|---|---|
|
Industry Total |
158,965,267 |
+20% |
-1% |
1,481,684,428 |
+39% |
|
|
|
|
|
|
|
|
CBOE Total |
52,497,931 |
+27% |
-4% |
498,654,892 |
+49% |
|
Avg Daily Vol |
2,624,897 |
+34% |
+11% |
2,652,420 |
+50% |
|
Equity |
30,100,372 |
+24% |
-1% |
285,016,098 |
+43% |
|
Index & ETF |
22,397,040 |
+32% |
-8% |
213,620,972 |
+57% |
|
ETF (only) |
9,784,757 |
+42% |
-13% |
97,680,124 |
+81% |
|
Open Interest |
213,214,386 |
+20% |
+4% |
----- |
----- |
CBOE Market Share At 33% During September; Equity Options Market Share Gained Nearly 2% Over 2005
CBOE market share of total industry volume during September was 33%, which was down slightly from the previous month, but up 1.7% over September 2005. Equity options market share in September gained fractionally over August, and nearly two percentage points over September 2005. Year-to-date, CBOE's market share of total industry volume is up 2.2 percentage points over 2005, to nearly 34%.
|
CBOE Market Share |
Sept 2006 Market Share |
% Change vs Sept 2005 |
% Change vs August 2006 |
Year-To-Date Market Share |
% Change vs 2005 |
|---|---|---|---|---|---|
|
Exchange |
33.0% |
+1.7% |
-.9% |
33.7% |
+2.2% |
|
Equity |
26.5% |
+1.9% |
+.4% |
26.4% |
+1.8% |
|
Index & ETF (multiple listings only) |
36.0% |
+.8% |
-6.5% |
39.3% |
+.2% |
New Records Set In Quarterly And S&P 100 Index Options; Last Seat Sale Of September Was $1.3 Million
- Volume in index and exchange traded fund options totaled 22.4 million contracts during September, an increase of 32% over September 2005's volume of 17.0 million contracts. The top five most actively traded index and ETF options during September were: S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Nasdaq-100 Index Tracking Stock (QQQ), Standard & Poor's Depositary Receipts (SPY) and S&P 100 Index (OEX).
- In equity options, volume during September totaled 30.1 million contracts traded, an increase of 24% over September's 2005's volume of 24.2 million contracts. The top five most actively traded equity options during September were: Altria Group, Inc. (MO), Apple Computer, Inc. (AAPL), Valero Energy (VLO), Intel Corporation (INTC) and General Motors (GM).
- On Tuesday, September 19, CBOE experienced record volume in Quarterly options. A total of 142,989 contracts traded in the five Quarterly options -- Nasdaq-100 Index Tracking Stock (QQQQ), iShares Russell 2000 Index Fund (IWM), DIAMONDS Trust, Series 1 (DIA), Standard and Poor's Depositary Receipts/SPDRs (SPY), and Energy Select SPDR (XLE) -- topping the previous high of 133,421 contracts from August 16. CBOE began trading Quarterly options on July 10, 2006.
- Options on the S&P 100 Index with European-Style Exercise (XEO) set a new monthly volume record with 439,493 contracts traded, eclipsing the previous record of 399,881 contracts traded in July 2006.
- On Tuesday, September 19, CBOE began trading options on the CBOE Exchange Index (EXQ), the new benchmark index based on the stocks of the six publicly-traded U.S. stock exchanges.
- The last seat sale for the month was recorded on September 27 at a price of $1,345,000. On the year, seat prices have risen 54%, up from the first seat sale of the year on January 5 for $875,000.
September Is Fourth-Busiest Month On Record At CBOE Futures Exchange; Strong Trading In VIX Futures Continues
Volume at CBOE Futures Exchange, LLC (CFE) totaled 35,118 contracts traded during September, an increase of 465% over September 2005's volume of 6,213 contracts. September was the fourth-busiest month at CFE since its launch in 2004. Volume in VX futures, based on the CBOE Volatility Index (VIX), was 31,916 contracts traded during September.
Year-to-date volume at CFE is up 120% over 2005 as 305,239 contracts have traded during the first nine months of 2006, compared to 2005's year-to-date volume of 138,923 contracts.
On September 14, CFE reached a new milestone as open interest stood at 50,100 contracts, topping the 50,000-contract benchmark for the first time ever. At the end of September, exchange open interest climbed to 57,334 contracts, a new all-time high at CFE.
|
CFE Total Volume |
Sept 2006 Volume |
% Change vs Sept 2005 |
% Change vs August 2006 |
Year-To-Date Volume |
% Change vs 2005 |
|---|---|---|---|---|---|
|
Exchange |
35,118 |
+465% |
-32% |
305,239 |
+120% |
|
Avg Daily Vol |
1,776 |
+500% |
-21% |
1,624 |
+121% |
|
Open Interest |
57,334 |
+359% |
+20% |
--- |
--- |
CBOE Individual Index Volume Figures For September 2006
|
Symbol |
Product |
Total Volume |
% Change vs Sep 05 |
% Change vs Aug 06 |
Open Interest |
% Change vs Sep 05 |
|---|---|---|---|---|---|---|
|
SPX |
S&P 500 Index |
8,358,121 |
+29% |
-6% |
8,157,901 |
+6% |
|
XSP |
Mini-S&P 500 Index |
82,038 |
----- |
+56% |
832,465 |
-8% vs Aug 06 |
|
SPY |
Standard & Poor's Depositary Receipts (SPDRs) |
1,798,900 |
+6% |
+6% |
4,871,733 |
+40% |
|
VIX |
CBOE Volatility Index (options) |
431,909 |
----- |
-14% |
802,074 |
+10% vs Aug 06 |
|
OEX |
S&P 100 Index (American-Style Exercise) |
1,313,717 |
-13% |
-2% |
466,321 |
+12% |
|
XEO |
S&P 100 Index
(European-Style Exercise) |
439,493 New Record |
+201% |
+38% |
247,190 |
+191% |
|
DJX |
Dow Jones Industrial Average |
585,600 |
+8% |
+14% |
752,047 |
+18% |
|
DIA |
DIAMONDS Trust, Series 1 |
470,434 |
-50% |
-20% |
1,173,422 |
+8% |
|
NDX |
Nasdaq-100 Index |
497,400 |
+9% |
-18% |
508,314 |
-13% |
|
MNX |
CBOE Mini-NDX Index (based on Nasdaq-100) |
404,639 |
-35% |
+19% |
1,881,346 |
-8% |
|
QQQ |
Nasdaq-100 Index Tracking Stock |
2,391,468 |
+4% |
-18% |
7,688,655 |
+2% |
|
RUT |
Russell 2000 Index |
130,804 |
+110% |
-10% |
614,137 |
+285% |
|
IWM |
iShares Russell 2000
Index Fund |
3,618,607 |
+270% |
-26% |
6,687,606 |
+163% |
|
SMH |
Semiconductor HOLDRs Trust |
255,113 |
+78% |
+22% |
1,088,031 |
+14% |
|
OIH |
Oil Services HOLDRs Trust |
242,329 |
+128% |
+52% |
566,205 |
+24% |
|
XLE |
Energy Select SPDR |
303,231 |
+20% |
+76% |
1,237,563 |
+21% |
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, visit the CBOE website at: http://www.cboe.com/
Contacts:
Lynne Howard-Reed
(312) 786-7123
howardl@cboe.com
Gary Compton
(312) 786-7612
comptong@cboe.com
CBOE®, Chicago Board Options Exchange®, CBOEdirect®, CBOE Volatility Index®, VIX®, XEO® and OEX® are registered trademarks of Chicago Board Options Exchange, Incorporated. SPXSM, MNXSM and "PowerPacksSM" are service marks of Chicago Board Options Exchange, Incorporated. CFESM , Gas At The PumpSM and GAPPSM are service marks of CBOE Futures Exchange, LLC. Dow Jones®, DJIA®, and DIAMONDS® are registered trademarks of Dow Jones & Company, Inc. Dow Jones Industrial AverageSM and Options on the DowSM are service marks of Dow Jones & Company. CBOE's Options on the Dow based on the Dow Jones Industrial Average and financial products based on the CBOE DJIA Volatility Index are not sponsored, endorsed, marketed or promoted by Dow Jones. S&P®, S&P 100®, S&P 500®, and SPDR are registered trademarks of the McGraw-Hill Companies, Inc. and are licensed for use by the Chicago Board Options Exchange, Incorporated pursuant to a License Agreement. The Russell 2000® Index is a registered trademark of The Frank Russell Company used under license. Nasdaq®, Nasdaq-100®, Nasdaq-100 Index®, and Nasdaq-100 Index Tracking StockSM are trademarks of The Nasdaq Stock Market, Inc. iShares is a service mark of Barclays Global Investors, N.A. "HOLDRS" and "HOLding Company Depositary ReceiptS" are service marks of Merrill Lynch & Co., Inc.
