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OIC Announces Monthly Options Trading Record With Volume Up 19%
Chicago—April 1, 2011
The Options Industry Council (OIC) announced today that a new monthly total options trading volume record was set in March with 417,188,575 options contracts changing hands, an 18.86 percent increase compared to March of last year when 351,004,878 contracts changed hands.
This marks just the second time in history monthly volume has surpassed 400,000,000 contracts. Additionally, March recorded two of the ten highest volume days for total options (the seventh and eighth spots) and the ninth highest volume day for equity options.
Average daily trading volume for March was 18,138,634 contracts, 18.86 percent higher compared to last year when 15,261,082 contracts were traded each day. Year-to-date volume stood at 1,149,883,317 contracts, up 24.31 percent over the same point last year when 925,000,644 contracts were traded. Average daily trading volume for 2011 is 18,546,506 contracts, up 22.31 percent over last year’s 15,163,945 contracts.
OIC also reported that equity options volume in March came in at 386,202,726 contracts, up 19.33 percent over the same period last year. Daily equity options volume had an average of 16,791,423 contracts per day in March, which is 19.33 percent higher than the year-ago level. Year-to-date equity options volume was 1,072,960,649 contracts, which is 25.86 percent higher than the same point last year when 852,503,572 contracts were traded.
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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