The Options Industry Council Announces March Volume Grows 23 Percent
Chicago—April 1, 2009
The Options Industry Council (OIC) announced today that 346,037,577 total options contracts were traded in March, which represents a 22.7 percent increase over March 2008 volume of 282,000,233 contracts.
Average daily volume for the month was 15,728,981 contracts, up 11.6 percent compared to 14,100,012 contracts averaged each day in the same period last year. March year-to-date volume stood at 860,315,433 contracts, a decrease of 2.6 percent compared to the same period last year when 883,583,154 contracts were exchanged. Year-to-date daily volume averaged 14,103,532 contracts compared to 14,484,970 contracts averaged during the prior year period which represents 2.6 percent decline.
Equity options saw 322,256,666 contracts change hands, 24.2 percent higher than March 2008 when 259,432,073 contracts were traded. Year-to-date equity options volume was 800,613,173 contracts, compared to 813,022,248 contracts at the same point last year which represents a decrease of 1.5 percent. Daily equity options volume averaged 14,648,030 contracts per day in March, an increase of 12.9 percent over the same month last year when 12,971,604 were averaged.
On March 19, more equity options changed hands than any other day in history, with 27,325,694 contracts traded. That day also marked the second highest total for all exchange-listed options trading when 28,741,004 contracts changed hands.
OIC is an industry cooperative funded by the Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ OMX PHLX, NASDAQ Options Market, NYSE Amex Options, NYSE Arca Options, and The Options Clearing Corporation. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. 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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