The Options Industry Council Announces Equity Options Trading In June Increased 36%

Chicago—July 6, 2005

The Options Industry Council (OIC) announced today that June equity options trading volume totaled 103,376,530 (42,195,746 puts and 61,180,784 calls), a 35.9% increase over the year-ago level of 76,047,664.

Equity options volume for the first half of 2005 is 17% higher than it was in the first half of last year, a record-setting year that saw more than 1 billion contracts traded. The rate of trading volume growth has increased every month this year, beginning with a 2% rise over the previous January through June’s 36% increase.

"The continued growth of equity options trading in the face of historically low volatility and stagnant stock trading points to the increased awareness of the versatility of options," said Michael Walinskas, OIC Executive Director.

The Options Clearing Corp. reported total monthly volume - including index options - at 114,175,409 contracts changing hands in June, an increase of 36.2% over June 2004. This marks the ninth consecutive month of total trading volume above 100 million contracts, a milestone first reached in January 2004.

Equity open interest for June at month-end set a new record at 149,884,355 contracts, an increase of 10% over June 2004 month-end. Equity open interest, the total number of options contracts not yet exercised or allowed to expire, is seen as an indication of longer-term investing in these instruments.

Additional volume statistics reported by The Options Clearing Corporation include:

  • Average daily equity options volume: 4,698,933 (up 29.8% from June 2004)
  • Average daily total options volume: 5,189,791 (up 16.8% from June 2004)

June Highlights

Total options volume added two new top-10 record days in June when 7,512,481 contracts traded on the 17th and 7,450,149 contracts traded on the 16th, becoming - respectively - the seventh and eighth-highest daily volume totals ever. June 10 equity options volume reached 6,665,514 contracts, ranking it as the seventh highest equity volume day ever.

About OIC

OIC is a non-profit association funded by the U.S. options exchanges and The Options Clearing Corporation. OIC's free resources include: The Investor Services call center at 1-888-OPTIONS, an educational Web site at www.888options.com, evening seminars throughout the continental United States and Canada, educational literature and software.

Press Contacts

Jim Binder
312-322-9853
jbinder@theocc.com
Ryan Stone
312-322-6267
rstone@theocc.com
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