The Options Industry Council Announces October Options Trading Volume Increased 53 Percent
Chicago—November 1, 2007
The Options Industry Council (OIC) announced today that 291,994,503 total options contracts changed hands in October, continuing a high-growth trend representing a 52.6 percent increase over October 2006 volume. Average daily volume for the month came in at 12,695,414 contracts.
The Options Clearing Corporation (OCC) reported year-to-date volume at the end of October stood at 2,314,789,537 contracts, an increase of 38.4 percent over the same period last year. Year-to-date daily volume is averaging 11,022,807 contracts, up 38.4 percent over the same period in 2006.
Equity options saw 268,276,414 contracts change hands, 53.5 percent higher than October 2006. Year-to-date equity options volume is 2,090,669,461 contracts, up 37.5 percent over the same point last year, and the first time equity options volume surpassed 2 billion contracts. Daily equity options volume averaged 11,664,192 contracts per day in October, an increase of 46.8 percent over the same month last year.
OIC is a non-profit association funded by the American Stock Exchange, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NYSE Arca, Philadelphia Stock Exchange and The Options Clearing Corporation. OIC's resources include: The Options Industry Services call center at 1-888-OPTIONS, educational Web sites at www.optionseducation.org and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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