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OIC Announces Year to Date Volume Ahead 52 Percent Equity Open Interest Sets New Records
Chicago—June 7, 2004
The Options Industry Council (OIC) announced today that year to date equity options volume of 467,016,214 contracts is 52.17 percent greater than the same time period last year with 306,899,128 contracts.
May equity options volume of 81,011,985 contracts (35,564,446 puts and 45,447,539 calls) rose 18.26 percent vs. May 2003 equity options volume of 68,502,050 contracts (27,820,376 puts and 40,681,674 calls). This represents the largest May equity options volume ever.
May 2004 equity open interest rose 26.54 percent to 125,555,189 contracts vs. May 2003 month-end equity open interest of 99,220,352 contracts. This is a new month-end record. The previous record was set in April 2004 with 125,048,790 contracts.
Equity open interest also set a new one-day high on May 21 with 142,514,240 contracts. This surpasses the previous record set on May 20 with 141,366,873 contracts.
Equity open interest, the total number of options contracts not yet exercised or allowed to expire, is seen as an indication of longer-term investing in these instruments.
"With this month’s strength in equity options volume and equity open interest, the march toward record heights continues," said Paul Stevens, President, OIC. "We’re looking forward to a robust summer of options volume and hope that during this time, investors will continue their options education."
Average daily equity options volume of 4,050,599 contracts rose 24.17 percent compared to May 2003 with 3,262,002 contracts. The highest trading day for May occurred on May 10 when 5,364,396 equity options contracts exchanged hands.
OIC is a non-profit association funded by the American Stock Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's free resources include: The Options Investors Services at 1-888-OPTIONS, an educational Web site at http://www.888options.com, evening seminars throughout the continental United States and Canada, instructional videos and educational literature and software.
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