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OIC Announces October Options Trading Volume Up 4%
Chicago—November 1, 2010
The Options Industry Council (OIC) announced today that 342,006,211 total options contracts were traded in October, representing a 3.5 percent increase from October 2009 volume of 330,432,938 contracts.
Average daily trading volume for October was 16,286,010 contracts, up 8.43 percent compared to the same year ago period when 15,019,679 contracts changed hands. October year-to-date volume stood at 3,205,815,947 contracts, an increase of 5.02 percent compared to October 2009 when 3,052,600,794 contracts were exchanged. Year-to-date daily volume had an average of 15,338,832 contracts change hands, which is a 5.52 percent increase over the prior year period when 14,536,194 contracts were exchanged.
Additionally, OIC reported equity options volume of 319,169,334 contracts, 4.06 percent more than in October 2009 when 306,728,967 contracts were traded. Daily equity options volume saw an average of 15,198,540 contracts traded per day in October, which is 9.01 percent more than the same period last year when 13,942,226 contracts were traded on average each day. Year-to-date equity options volume was 2,961,173,470 contracts, compared to 2,850,282,458 contracts at the same point last year, representing an increase of 3.89 percent.
OIC is an industry cooperative funded by BATS Options, 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 websites at www.OptionsEducation.org, www.OptionsEducation.org/advisor and www.OptionsEducation.org/institutional, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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