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Exchange-wide volume for October 2003 totaled 28,635,741 contracts (16,345,637 calls and 12,290,104 puts), up 8% versus the 26,475,145 contracts traded in October 2002 and 15% from the 24,886,367 contracts traded in September 2003. For the month of October, average daily volume was 1,245,032 contracts. At the end of October, open interest reached 129,002,721 contracts, 37% higher than the close of October 2002.
Stock options volume in October 2003 totaled 18,584,791 contracts (12,384,764 calls and 6,200,027 puts), a rise of 21% from the 15,345,912 contracts traded in October 2002 and 22% from the 15,187,828 contracts traded in September 2003. For the month of October, average daily volume in stock options was 808,034 contracts. Open interest in stock options stood at 108,693,096 contracts at the end of October 2003, 36% higher than the end of October 2002.
In October 2003, total index options volume reached 10,046,593 contracts (3,958,211 calls and 6,088,382 puts), a decrease of 10% from the 11,123,014 contracts traded in October 2002, but up 4% from the 9,691,269 contracts traded in September 2003. For the month of October, average daily volume in index options totaled 436,808 contracts. At the end of October 2003, open interest in index options was 20,294,305 contracts, 41% higher than October 2002.
Options on the S&P 500 Index (SPX) were the most-actively traded index options at CBOE during October 2003 with volume totaling 3,351,672 contracts, a decrease of 4% when compared to the October 2002 volume of 3,496,421 contracts, but an increase of 6% from the 3,151,037 contracts traded in September 2003. Average daily volume during October in SPX options was 145,725 contracts. Open interest stood at 4,759,938 contracts at the end of October 2003, a rise of 14% over year-ago levels.
October trading volume for options on the S&P 100 Index (OEX) totaled 1,244,152 contracts, a drop of 26% versus the 1,684,799 contracts from October 2002 and 4% from the 1,291,682 contracts traded in September 2003. Average daily volume during October in OEX options was 54,094 contracts. Open interest stood at 278,612 contracts at the end of October 2003, down 13% from the 2002 level.
Trading volume for options on the S&P 100 Index with European-style settlement (XEO) was 180,456 contracts, 18% above the 153,372 contracts from October 2002 and 12% above the 161,140 contracts traded in September 2003. Open interest stood at 121,291 contracts at the end of October 2003, 42% higher than the previous year's total.
For options on the Nasdaq-100 Index Tracking Stock (QQQ), October trading volume totaled 2,601,697 contracts, a gain of 4% from the October 2002 volume of 2,508,407 contracts and 4% from the 2,497,031 contracts traded in September 2003. Average daily volume during October in QQQ options was 113,117 contracts. Open interest stood at 10,212,978 contracts at the end of October 2003, up 56% over the October 2002 level.
Trading volume for options on the Nasdaq-100 Index (NDX) totaled 167,319 contracts, surging 53% above the October 2002 volume of 109,315 contracts, but down 7% from the 180,106 contracts traded in September 2003. Average daily volume during October in NDX options was 7,275 contracts. Open interest stood at 174,526 contracts at the end of October 2003, 63% higher than the previous year's total.
Volume in options on the Dow Jones Industrial Average (DJX) totaled 803,400 contracts, 45% less than the 1,450,179 contracts traded in October 2002, but an increase of 7% over the September 2003 volume of 747,651 contracts. Average daily volume during October in DJX options was 34,930 contracts. Open interest stood at 1,050,981 contracts at the end of October 2003, a decline of 11% from year-ago levels.
October 2003 trading volume for options on DIAMONDS (DIA) totaled 784,536 contracts, 32% below the October 2002 total of 1,157,907 contracts and 6% below the 835,234 contracts traded in September 2003. Average daily volume during October in DIA options was 34,110 contracts, while open interest stood at 724,328 contracts at the end of October 2003, 74% above the year-ago levels.
Trading volume for options on the Russell 2000 Index (RUT) totaled 79,637 contracts, up 119% over the October 2002 volume of 36,433 contracts and 63% over the 48,906 contracts traded in September 2003. Average daily volume during October in RUT options was 3,462 contracts. Open interest stood at 134,890 contracts at the end of October 2003, an increase of 46% from the previous year's total.
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, access the CBOE web site at www.cboe.com.
