The Chicago Board Options Exchange (CBOE) said today that the growth of volume in its Quarterly options continues to increase, with average daily volume of 38,966 contracts during September. CBOE launched Quarterly options for the first time on July 10th, to provide customers with options with expiration dates that coincide with end-of-quarter accounting practices. CBOE's marketshare in Quarterly options since their debut in July stands at 54.3%.
| CBOE Quarterly Options |
Total July 10 thru Sept. 29 |
September |
August |
July |
|---|---|---|---|---|
| Industry Total Volume |
2,509,065 |
1,619,557 |
690,176 |
199,332 |
| CBOE Total Volume |
1,361,341 |
779,321 |
492,285 |
89,735 |
| CBOE Average Daily Volume |
23,074 |
38,966 |
21,404 |
5,608 |
| CBOE Marketshare |
54.3% |
48.1% |
71.3% |
45.0% |
Quarterly options generally expire on the last business day of March, June, September and December, as opposed to traditional options that generally expire on Saturday following the third Friday of the month.These products are especially popular with money managers who rebalance portfolios or settle portfolios on the last day of each quarter, and who use options as part of their portfolio management strategy.
CBOE currently lists Quarterly options on five Exchange Traded Funds (ETFs): iShares Russell 2000 Index Fund (IWM), Nasdaq-100 Index Tracking Stock (QQQQ), Standard & Poor's Depositary Receipts/SPDRs (SPY), DIAMONDS Trust, Series 1 (DIA), and Energy Select SPDR (XLE).
| CBOE Quarterlies Volume |
Total Volume July - Sept. |
September ADV |
August ADV |
July ADV |
|---|---|---|---|---|
| IWM |
742,607 |
17,338 |
16,477 |
1,055 |
| QQQ |
306,927 |
10,589 |
2,661 |
2,121 |
| SPY |
257,500 |
9,284 |
1,709 |
2,031 |
| DIA |
33,349 |
1,032 |
392 |
231 |
| XLE |
20,958 |
723 |
165 |
170 |
CBOE, the nation'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/
