- BOX News
The OIC Announces March Options Trading Grew 23% Over Same Period Last Year
Chicago—April 1, 2008
The Options Industry Council (OIC) announced today that total options trading volume in March reached 282,000,233 contracts, a 23.36 percent increase over the year-ago level of 228,595,638 contracts.
Total options daily trading volume for 2008 is averaging 14,100,012 contracts, a 35.7 percent increase over the 10,390,711 contracts averaged for the same period in 2007. Year-to-date total options volume is up 44.99 percent over the same point in 2007 with 14,484,970 contracts.
OIC also reported that equity options volume increased 28.17 percent over the same period last year with 259,432,073 contracts trading in March 2008 compared with 202,416,837 contracts trading in March 2007. Year-to-date equity options volume is up 47.55 percent over the same point in 2007 with 13,328,234 contracts. Average daily equity options volume is 12,971,604 contracts, up 40.98 percent over the same period last year.
A new top 10 volume day was achieved on March 19 for both total options and equity options. A total 21,486,464 contracts were traded, making this the sixth highest volume day and 19,747,790 equity options contracts were traded, making this the seventh highest volume day for equity options.
OIC is an industry cooperative funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ OMX, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at www.optionseducation.org and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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