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The busiest single-day in CBOE history occurred on Thursday, August 16, when 9,244,732 contracts traded. Remarkably, of the top twenty busiest single days in CBOE's 34-year history, which is nearly 8,500 trading days, nine occurred during August 2007.
Total equity options volume for the month of August at CBOE rose 63% to a new record of 49.4 million contracts, up from 30.3 million in August 2006. Total volume in index and ETF options volume tallied a new record of 56.2 million contracts, up 132% from August 2006's volume of 24.2 million contracts. Year-to-date, CBOE's total volume is 618.8 million contracts through August, while average daily volume is 4.6 million contracts, an increase of 39% over the same period in 2006.
|
|
August 2007 Volume (23 days) |
% Change vs Aug 2006 (23 days) |
% Change vs July 2007 (21 days) |
Year-To-Date Volume (168 days) |
% Change vs 2006 (168 days) |
|---|---|---|---|---|---|
|
Industry Total |
294,211,443 |
+83% |
+11% |
1,819,383,830 |
+38% |
|
CBOE Total |
105,551,741 |
+94% |
+21% |
618,755,781 |
+39% |
|
Avg Daily Vol |
4,589,206 |
+94% |
+11% |
3,683,070 |
+39% |
|
Equity |
49,391,813 |
+63% |
+7% |
328,329,609 |
+29% |
|
Index & ETF |
56,159,441 |
+132% |
+37% |
290,421,362 |
+52% |
|
ETF (only) |
28,412,060 |
+152% |
+40% |
135,954,273 |
+55% |
|
Open Interest |
278,571,432 |
+36% |
+6% |
----- |
----- |
CBOE Handled 36% Of Total Industry Volume During August
In August, CBOE's market share of total industry volume was 35.9%. This was an increase of more than three percentage points from July 2007. Year-to-date, CBOE's total market share of 34% is up slightly from the same period in 2006.
|
CBOE Market Share |
August 2007 Market Share |
% Change vs
August 2006 |
% Change vs July 2007 |
Year-To-Date Market Share |
% Changevs 2006 |
|---|---|---|---|---|---|
|
Exchange |
35.9% |
+2.0% |
+3.1% |
34.0% |
+0.3% |
|
Equity |
27.8% |
+1.7% |
+2.2% |
26.2% |
-0.2% |
|
Index & ETF (multiple listings only) |
36.2% |
-6.3% |
-0.2% |
38.9% (last 12 months) |
-0.3% |
Numerous Volume Records Set In August
New Monthly Volume Records:
Total Volume: 105,551,741 contracts. Previous record: 87,208,873 in July 2007.
Average Daily Volume: 4,589,206 contracts. Previous record: 4,152,803 in July 2007.
Equity Volume: 49,391,813 contracts. Previous record: 46,126,429 in July 2007.
Index/ETF Volume: 56,159,441 contracts. Previous record: 42,654,653 in March 2007.
S&P 500 Index (SPX): 18,865,258 contracts. Previous record: 16,736,948 in March 2007.
CBOE Volatility Index (VIX) Options: 3,576,129 contracts. Previous record: 2,628,601 in July 2007.
Russell 2000 Index (RUT): 1,157,229 contracts. Previous record: 869,247 in July 2007.
iShares Russell 2000 Index Fund (IWM): 10,691,524 contracts. Previous record: 7,805,201 in July 2007.
Nasdaq-100 Tracking Stock (QQQ): 4,708,147 contracts. Previous record: 4,134,376 in March 2007.
S&P Depositary Receipts SPDRs (SPY): 7,353,058 contracts. Previous record: 4,694,843 in July 2007.
New Single-Day Volume Records:
Total Volume: 9,244,732 contracts on August 16. Previous record: 6,951,111 on July 26, 2007.
Equity Options: 3,526,260 contracts on August 16. Previous record: 3,191,266 on July 20, 2007.
Index/ETF Options: 5,718,439 contracts on August 16. Previous record: 4,012,517 on March 16, 2007.
RUT Options: 151,130 contracts on August 16. Previous record: 121,015 on April 6, 2006.
IWM Options: 987,870 contracts on August 16. Previous record: 908,092 on June 27, 2007.
·The top five most-actively traded index and ETF options at CBOE during August were S&P 500 Index (SPX), iShares Russell 2000 Index Fund (IWM), Standard & Poor's Depositary Receipts (SPY), Nasdaq-100 Index Tracking Stock (QQQ), and CBOE Volatility Index (VIX).
·Average daily volume in VIX options during August was 155,484 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 a record 3,576,129 contracts.
·The top five most actively traded equity options during August were Countrywide Financial. Corp. (CFC), Home Depot (HD), Apple, Inc. (AAPL), Goldman Sachs (GS), and Research in Motion (RMM).
·On Tuesday, August 28, CBOE launched Basket Credit Event Binary Options (Basket CEBOs). Basket CEBO contracts pay out a cash amount upon the confirmation of a credit event in any of the components in the basket. Initially, CBOE listed three Basket CEBO contracts: two based on specific industry sectors (automobile and homebuilder) and the third is a high-yield composite basket.
·A CBOE membership, or seat, traded at a new all-time high price of $2,700,000 on Monday, August 6. This topped the previous record of $2,650,000, which was set on Wednesday, August 1. During August, five seats traded, bringing the total number of seat sales for the year to 70.
·For the third consecutive month, volume at the CBOE Futures Exchange (CFE) set a new all-time high as 183,173 contracts traded during August, an increase of 251% over August 2006. Average daily volume for August was 7,964 contracts, also a new record. Additionally, monthly volume records were set in CBOE Volatility Index (ticker VX) futures with 163,079 contracts traded and CBOE DJIA Volatility Index (ticker DV) with 7,253 contracts traded. In their first full month of trading, futures on the CBOE Russell 2000 Volatility Index (ticker VR) totaled 10,217 contracts, while futures on the CBOE NASDAQ-100 Volatility Index (ticker VN) totaled 773 contracts. VR and VN futures were launched on July 6.
·During August, volume at the CBOE Stock Exchange (CBSX) totaled 168,233,651 shares, an increase of 54% over the 108.9 million shares traded in July. Average daily volume at CBSX was 7.31 million shares and a total of 349,952 trades were executed during August. CBSX launched on March 5, 2007.
CBOE Individual Index Volume Figures For August 2007
|
Symbol |
Product |
Total Volume |
% Change vs Aug 06 |
% Change vs July 07 |
Open Interest |
% Change vs 2006 |
|---|---|---|---|---|---|---|
|
SPX |
S&P 500 Index |
18,865,258 New Record |
+113% |
+39% |
12,254,992 |
+42% |
|
VIX |
CBOE Volatility Index (options) |
3,576,129 New Record |
+611% |
+36% |
1,389,874 |
+91% |
|
SPY |
Standard & Poor's Depositary Receipts (SPDRs) |
7,353,058 New Record |
+333% |
+57% |
10,335,095 |
+154% |
|
XSP |
Mini-S&P 500 Index |
86,646 |
+65% |
-15% |
827,615 |
-8% |
|
OEX |
S&P 100 Index (American-Style Exercise) |
1,628,825 |
+21% |
+18% |
356,340 |
-19% |
|
XEO |
S&P 100 Index
(European-Style Exercise) |
189,573 |
-41% |
+1% |
117,511 |
-38% |
|
DJX |
Dow Jones Industrial Average |
757,786 |
+47% |
-9% |
851,179 |
+8% |
|
DIA |
DIAMONDS Trust, Series 1 |
1,052,076 |
+79% |
+67% |
1,949,106 |
+59% |
|
NDX |
Nasdaq-100 Index |
731,790 |
+21% |
+11% |
661,546 |
+4% |
|
MNX |
CBOE Mini-NDX Index (based on Nasdaq-100) |
541,104 |
+59% |
+33% |
2,215,542 |
+5% |
|
QQQ |
Nasdaq-100 Index Tracking Stock |
4,708,147 New Record |
+61% |
+33% |
10,279,784 |
+36% |
|
RUT |
Russell 2000 Index |
1,157,229 New Record |
+696% |
+33% |
1,924,121 |
+168% |
|
IWM |
iShares Russell 2000
Index Fund |
10,691,524 New Record |
+119% |
+37% |
9,950,238 |
+54% |
|
SMH |
Semiconductor HOLDRs Trust |
160,309 |
-23% |
+18% |
899,211 |
-10% |
|
OIH |
Oil Services HOLDRs Trust |
435,376 |
+172% |
+38% |
750,861 |
+61% |
|
EEM |
iShares MSCI Emerging Markets Index |
847,608 |
+522% |
+39% |
1,048,611 |
+270% |
|
XLF |
Financial Select SPDR |
1,223,859 |
+2023% |
+29% |
4,505,258 |
+336% |
|
XLE |
Energy Select SPDR |
262,674 |
+52% |
-31% |
1,277,927 |
+16% |
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/.
