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April Options Trading Brings Several New Volume Records Total Options Volume Sets New Monthly High
Chicago—May 4, 2005
The Options Industry Council (OIC) announced today that equity options trading in April rose 18.39 percent over April 2004. The banner month included a new record volume day and three consecutive trading days that produced new "top 10" volume day records.
The Options Clearing Corp. reported a new monthly volume record for total options trading - including index options - with 124,206,018 contracts changing hands in April, up 0.2 percent from the previous record set in March, and an increase of 21.19 percent from April 2004.
Volume in equity options for April reached 112,197,174 contracts traded, 675,535 contracts less than the monthly record set in March. Equity options volume set a new daily record on April 15 with 10,097,235 contracts traded, a 25.6 percent increase from the previous record set on January 16, 2004.
Total options also reached a new daily high point on April 15 when 11,254,044 contracts traded, 31.4 percent higher than the previous record of 8,561,864 contracts set on Jan. 16, 2004.
"Volume is running about 13 percent higher than it was at this point last year - which is significant given that 2004 was a record year,” said Michael Walinskas, Executive Director of OIC. “Investors - both individual and institutional - continue to drive the growth as they advance their understanding of the versatility and usefulness of options."
Additional volume statistics reported by The Options Clearing Corporation include:
- Average daily equity options volume 5,342,723 (up 18.4 percent from April 2004)
- Average daily total options volume 5,914,572 (up 21.2 percent from April 2004)
Equity options volume reached 7,092,198 contracts traded on April 14, becoming the fifth highest equity options trading day on record. April 18 became the tenth highest equity trading on record when 6,361,013 contracts changed hands.
Total options volume reached 8,121,065 contracts traded on April 14, becoming the fifth highest trading day on record. April 18 became the tenth highest trading on record when 7,174,756 contracts changed hands.
OIC is a non-profit association funded by the U.S. options exchanges and The Options Clearing Corporation. OIC's free resources include: The Investor Services call center at 1-888-OPTIONS, an educational Web site at www.888options.com, evening seminars throughout the continental United States and Canada, educational literature and software.
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