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Total equity options volume for the month rose 35% to 51,777,531 contracts, up from 38,416,714 contracts in October 2006. The 51.8 million contracts traded during October was a new all-time high for monthly equity options volume at CBOE, topping the previous record of 49.4 million contracts traded during August 2007.
Year-to-date, total volume at CBOE is 774.9 million contracts, while average daily volume through October is 3.7 million contracts, an increase of 38% over the same period in 2006. In equity options, 414.6 million contracts have traded year-to-date, which is 28% above the 323.4 million contracts traded year-to-date 2006.
|
|
October 2007 Volume (23 days) |
% Change vs Oct 2006 (22 days) |
% Change vs Sept 2007 (19 days) |
Year-To-Date Volume (210 days) |
% Change vs 2006 (210 days) |
|---|---|---|---|---|---|
|
Industry Total |
291,994,503 |
+53% |
+44% |
2,314,789,537 |
+38% |
|
CBOE Total |
89,000,228 |
+41% |
+32% |
774,978,968 |
+38% |
|
Avg Daily Vol |
3,869,575 |
+35% |
+9% |
3,690,376 |
+38% |
|
Equity |
51,777,531 |
+35% |
+50% |
414,587,934 |
+28% |
|
Index & ETF |
37,222,508 |
+50% |
+14% |
360,385,586 |
+51% |
|
ETF (only) |
17,449,528 |
+66% |
+13% |
168,834,978 |
+56% |
|
Open Interest |
285,008,797 |
+28% |
+8% |
----- |
----- |
CBOE's October Market Share of Industry Volume Was 30.5%
In October, CBOE's market share of total industry volume was 30.5%. This was a decrease of more than two and a half percentage points from October 2006. Year-to-date, CBOE's total market share of 33.5% is down slightly from the same period in 2006.
|
CBOE Market Share |
October 2007 Market Share |
% Change vs
October 2006 |
% Change vs Sept 2007 |
Year-To-Date Market Share |
% Changevs 2006 |
|---|---|---|---|---|---|
|
Exchange |
30.5% |
-2.6% |
-2.6% |
33.5% |
-0.1% |
|
Equity |
25.2% |
-1.4% |
-0.7% |
26.1% |
-0.3% |
|
Index & ETF (multiple listings only) |
29.1% |
-9.9% |
-5.4% |
37.9% (last 12 months) |
-0.9% |
Seat Price At CBOE Reaches A New All-Time High Of $2.9 Million,
CBOE's Third Quarter Revenue Increases 53% To $96.8 Million
- During October, total volume in index and ETF options tallied 37.2 million contracts, an increase of 50% from October 2006's volume of 24.9 million contracts. Year-to-date, index and ETF volume of 360.4 million contracts traded has grown 51%, up from the 238.5 million contracts traded during the same period in 2006.
- The top five most-actively traded index and ETF options at CBOE during October were S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), PowerShares QQQ Trust (QQQQ), and CBOE Volatility Index (VIX).
- Average daily volume in VIX options during October was 119,630 contracts, making VIX options the second most actively traded index, and the fifth most actively traded product at CBOE during the month. Total volume for the month in VIX options was 2,751,494 contracts, up 354% over October 2006. Year-to-date, 19.0 million contracts have traded, 387% ahead of October 2006's year-to-date volume of 3.9 million contracts.
- Volume in options on the CBOE Russell 2000 Volatility Index (RVX) totaled 10,110 contracts traded during October, an increase of 179% over the 3,620 contracts traded during September 2007. RVX options were launched on September 27, 2007.
- The top five most actively traded equity options during October were Apple Inc. (AAPL), Companhia Vale do Rio Doce (RIO), Google Inc. (GOOG), Research in Motion (RIMM), and Yahoo! Inc. (YHOO).
- A CBOE membership, or seat, traded at a new all-time high price of $2,900,000 on Wednesday, October 31. This topped the previous record of $2,750,000, which was set on Wednesday, October 24.During October, five seats traded, bringing the total number of seat sales for the year to 81.
- On Thursday, October 18, CBOE announced its unaudited third quarter 2007 financial results. Pre-tax profit for the three-month period ending September 30, 2007 was $41.2 million, while net income for the third quarter was $22.7 million.Year-to-date, CBOE reported a pre-tax profit of $103.7 million on average daily volume of 3.7 million contracts per day. During the third quarter of 2007, CBOE recorded total revenues of $96.8 million, compared with $63.4 million for the same quarter last year. The $33.4 million increase (53% over third quarter 2006), reflects higher transaction fees generated by strong growth in contracts traded.Year-to-date, revenues totaled $259.3 million, compared with $193.1 million for the same period in 2006. The $66.2 million increase (34% over 2006) reflects the higher trading volume in 2007 compared with 2006. Year-to-date, expenses increased 7% and net income increased 108% compared with the same nine-month period in 2006.
- Volume at the CBOE Futures Exchange (CFE) was 108,103 contracts traded during October, an increase of 31% over October 2006. Average daily volume for October, the third busiest month on record at CFE, was 4,700 contracts. Additionally, monthly volume in CBOE Volatility Index (ticker VX) futures was 97,776 contracts traded, up 23% versus October 2006, and volume in futures on the CBOE DJIA Volatility Index (ticker DV) was 4,069 contracts traded, up 20% over October 2006. 4,804 contracts were traded in futures on the CBOE Russell 2000 Volatility Index (ticker VR), an increase of 119% over September 2007. VR futures were launched on July 6, 2007.
- During October, volume at the CBOE Stock Exchange (CBSX) totaled 131,824,663 shares, an increase of 45% over the 90,825,067 shares traded in September. Average daily volume at CBSX was 5.7 million shares and a total of 192,855 trades were executed during October. CBSX launched on March 5, 2007.
CBOE Individual Index Volume Figures For October 2007
|
Symbol |
Product |
Total Volume |
% Change vs Oct 06 |
% Change vs Sept 07 |
Open Interest |
% Change vs 2006 |
|---|---|---|---|---|---|---|
|
SPX |
S&P 500 Index |
12,891,192 |
+36% |
+7% |
10,625,101 |
+21% |
|
VIX |
CBOE Volatility Index (options) |
2,751,494 |
+354% |
+19% |
1,759,074 |
+80% |
|
SPY |
Standard & Poor's Depositary Receipts (SPDRs) |
4,391,996 |
+135% |
+15% |
9,341,977 |
+88% |
|
XSP |
Mini-S&P 500 Index |
65,942 |
-59% |
+207% |
760,410 |
-12% |
|
OEX |
S&P 100 Index (American-Style Exercise) |
1,089,821 |
-23% |
+9% |
330,870 |
-19% |
|
XEO |
S&P 100 Index
(European-Style Exercise) |
186,755 |
-66% |
0% |
140,887 |
-33% |
|
DJX |
Dow Jones Industrial Average |
725,470 |
+32% |
+70% |
827,758 |
+2% |
|
DIA |
DIAMONDS Trust, Series 1 |
544,901 |
-15% |
-11% |
1,855,867 |
+37% |
|
NDX |
Nasdaq-100 Index |
581,267 |
-26% |
+46% |
610,345 |
-14% |
|
MNX |
CBOE Mini-NDX Index (based on Nasdaq-100) |
466,057 |
+17% |
+84% |
2,154,351 |
+3% |
|
QQQQ |
PowerShares QQQ Trust |
3,812,239 |
+31% |
+40% |
11,415,749 |
+49% |
|
RUT |
Russell 2000 Index |
917,302 |
+484% |
+63% |
1,896,114 |
+205% |
|
RVX |
CBOE Russell 2000 Volatility Index (options) |
10,110 |
----- |
+179% |
9,257 |
----- |
|
IWM |
iShares Russell 2000
Index Fund |
5,414,728 |
+42% |
-6% |
8,215,208 |
+15% |
|
SMH |
Semiconductor HOLDRs Trust |
65,862 |
-59% |
+21% |
1,063,590 |
-4% |
|
OIH |
Oil Services HOLDRs Trust |
268,463 |
-6% |
+11% |
586,639 |
+19% |
|
EEM |
iShares MSCI Emerging Markets Index |
772,957 |
+606% |
+53% |
1,222,271 |
+387% |
|
XLF |
Financial Select SPDR |
627,831 |
+1,448% |
+58% |
3,668,346 |
+251% |
|
XLE |
Energy Select SPDR |
270,165 |
+8% |
+70% |
1,507,882 |
+23% |
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, access the CBOE website at: www.cboe.com/.
