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Exchange-wide volume for October totaled 26,475,145 contracts (14,351,262 calls and 12,123,883 puts), up 42% over the 18,594,537 contracts traded in September 2002. Exchange-wide volume was down 7% when compared to the 28,383,408 contracts traded in October 2001. For the month of October, average daily volume was 1,151,093 contracts. At the end of October, open interest reached 94,191,346 contracts, up 29% over the close of October 2001.
Stock option volume totaled 15,345,912 contracts (9,390,192 calls and 5,955,720 puts), compared to the 20,453,837 contracts traded in October 2001. Average daily volume in stock options was 667,214 contracts. Open interest in stock options stood at 79,833,663 contracts at the end of October 2002, up 27% from the end of October 2001.
For the sixth consecutive month, total index options volume posted gains at CBOE. In October 2002, total index options volume reached 11,123,014 contracts (4,956,901 calls and 6,166,113 puts), an increase of 40% over the 2001 total of 7,926,426 contracts. Average daily volume in index options totaled 483,609 contracts. Open interest in index options was 14,348,003 contracts at month's end, 43% higher than October 2001.
Volume in S&P 500 Index options (SPX) totaled 3,496,421 contracts traded, an increase of 47% over the October 2001 volume of 2,385,132 contracts. Average daily volume during October in SPX options was 152,018 contracts. Open interest stood at 4,172,385 contracts at the end of October 2002, an increase of 18% over year-ago levels.
Trading volume for options on the S&P 100 Index (OEX) increased 113% in October over 2001. Volume in the American-style exercise OEX options totaled 1,684,799 contracts, versus the 792,122 contracts from October 2001. Average daily volume in OEX was 73,252 contracts. Open interest stood at 319,783 contracts at month's end, an increase of 31% over 2001.
Volume in Options on the Dow Jones Industrial Average (DJX) totaled 1,450,179 contracts traded, an increase of 24% over the October 2001 volume of 1,166,967 contracts. Average daily volume during October in DJX options was 63,051 contracts. Open interest stood at 1,175,834 contracts at the end of October 2002, an increase of 30% over year-ago levels.
Options on DIAMONDS (DIA), launched in May, continued to post impressive growth as 1,157,907 contracts traded in October, a 72% increase over the September 2002 volume of 673,973 contracts. Average daily volume was 50,344 contracts, while, at month's end, open interest totaled 417,412 contracts. Additionally, options on DIAMONDS set a single-day volume record on October 10, 2002 when 140,957 contracts traded, which eclipsed the previous high of 125,320 contracts traded on July 24, 2002.
A new monthly volume record for options on the Nasdaq-100 Index Tracking Stock (QQQ) was established in October as volume for the month totaled 2,508,407 contracts traded, an increase of 2% over the October 2001 volume of 2,469,485 contracts. Average daily volume for the month in QQQ options was 109,061 contracts. Open interest stood at 6,563,752 contracts at the end of October 2002, an increase of 27% over the September 2002 level.
Volume for options on the Russell 2000 Index (RUT) totaled 36,433 contracts traded, an increase of 205% over the October 2001 volume of 11,952 contracts. Average daily volume during October in RUT options was 1,584 contracts. Open interest stood at 92,081 contracts at the end of October 2002, an increase of 885% over October 2001.
October 2002 marked the first full month of trading in options on iShares MSCI EAFE Exchange Traded Fund (EFA). CBOE launched this exchange-traded fund on September 25, 2002. EFA options are based on the iShares MSCI EAFE Exchange Traded Fund, an exchange traded fund designed to track the performance of the MSCI EAFE Index. The MSCI EAFE Index is a capitalization-weighted index composed of stocks representing market characteristics of 21 countries in Europe, Australasia, and the Far East.
