Options Industry Volume Jumps 52% Over Last January, Setting New Monthly Record

Chicago—February 1, 2006

The Options Industry Council (OIC) announced today that January 2006 broke the monthly volume record with total volume reaching an unprecedented 178,192,636 contracts, exceeding the record set in October 2005 by 15.1 percent. January volume also soared 51.7 percent over the 117,452,308 total options contracts traded in January 2005.

This impressive volume comes on the heels of a record-breaking year in 2005 where over 1.5 billion contracts were traded.

“January is traditionally a month of high trading volume,” said Michael Walinskas, Executive Director, OIC. “But to reach a level like this, following record volume in 2005, is indicative of the growing acceptance and understanding of options by all types of investors.”

Additionally, back-to-back record trading days on January 19 and 20 were another highlight of the month, with 11,523,913 contracts and 14,888,644 contracts traded, respectively. January now holds four of the top 10 spots overall.

Equity options volume also set a record in January with 164,790,968 contracts traded, an increase of 17.5 percent over the previous record set in October 2005, and 52.2 percent higher than the 108,257,628 contracts traded in January 2005.

January Highlights

  • Open interest reached a new high on January 20 of 220,641,740 contracts. Open interest is the total number of options contracts not yet exercised or allowed to expire.
  • Average daily volume in January was 8,909,632 contracts, 49.3 percent higher than the 5,969,490 contracts average daily volume in 2005.

About OIC

OIC is a non-profit association funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, Pacific Exchange, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services call center at 1-888-OPTIONS, an educational Web site at www.888options.com, evening seminars throughout the continental United States and Canada, instructional videos and educational literature and software.

Press Contacts

Jim Binder
312-322-9853
jbinder@theocc.com
Erin Green
312-322-6267
egreen@theocc.com
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