November volume marks the highest non-roll month ever for the Exchange. Typically, the quarterly months of December, March, June and September are the highest volume months as traders roll their positions to coincide with expiring positions in futures on stock indexes, equity options and stock index options. The multiple-expiration event is often referred to as “quadruple witching.”
Each single stock futures contract is equivalent to 100 shares of the underlying stock or exchange-traded fund.
The top five security futures products by volume in November were:
- Microsoft Corp. (MSFT1C)
- Advanced Micro Devices Inc. (AMD1C)
- Comcast Corp. (CMCS1C)
- Nextel Communications (NXTL1C)
- Research in Motion Ltd. (RIMM1C)
The Exchange has a total of 136 products: 121 single stock futures, including futures on the DIAMONDS Trust, and 15 futures on the Dow Jones MicroSector Indexes(SM).
OneChicago is a joint venture of the Chicago Board Options Exchange Incorporated® (CBOE®), Chicago Mercantile Exchange Inc. (CME) and the Chicago Board of Trade (CBOT®). All products are electronically traded on the CBOEdirect® match engine and accessible through the CBOEdirect and GLOBEX® platforms. All security futures can be traded out of either a securities or a futures account.
For more information about OneChicago and its products, please access the OneChicago Web site at www.OneChicago.com.
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