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The Options Industry Council Announces June Volume Is Up 4 Percent
Chicago—July 1, 2009
The Options Industry Council (OIC) announced today that 315,656,061 total options contracts changed hands in June, representing a 3.83 percent increase over June 2008 when 304,003,964 contracts were traded.
June’s average daily volume for the month came in at 14,348,003 contracts, .89 percent less than the 14,476,380 contracts averaged each day for the same period in 2008. Year-to-date volume for June stood at 1,815,316,203 contracts compared to 1,736,179,540 contracts traded for the same period last year and representing a 4.56 percent increase. Year-to-date daily volume averaged 14,639,647 contracts, up 5.4 percent over 13,889,436 contracts averaged for the same year ago period.
Equity options volume experienced an increase of 5.61 percent with 295,713,821 contracts exchanged in June compared to 280,015,869 contracts for the same period in 2008. Year-to-date equity options volume for June stood at 1,697,028,182 contracts compared to the same point last year when 1,600,309,753 contracts were traded, representing a 6.04 percent increase. Equity options volume averaged 13,441,537 contracts each day in June, up .81 percent compared to 13,334,089 contracts each day for the same month last year.
The third highest trading volume day occurred on June 18 when 27,878,796 total options contracts were traded. Equity options also experienced the third highest trading volume day recorded on June 18 as 26,727,932 contracts were traded.
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, www.OptionsEducation.org/advisor and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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