The Options Industry Council Announces September Options Trading Volume Decreased 16 Percent
Chicago—October 1, 2009
The Options Industry Council (OIC) announced today that total options trading volume in September was 314,809,865 contracts, down 15.95 percent compared to September 2008 volume of 374,531,673 contracts—the second highest monthly total on record.
Daily trading volume for September 2009 averaged 14,990,946 contracts compared to 17,834,842 contracts each day in September 2008, which equals a 15.95 percent decrease. September 17 was the fourth highest daily volume on record when 27,728,681 contracts changed hands.
Year-to-date trading volume for September stood at 2,722,167,856 contracts compared to the same point last year when 2,740,387,966 contracts were traded, representing a 0.66 percent decrease. Year-to-date trading volume averaged 14,479,616 contracts each day through September, 0.14 percent lower than the 14,499,407 contracts averaged each day for the same period last year.
OIC also reported that equity options volume in September came in at 293,862,512 contracts, a decrease of 13.90 percent over the 341,301,652 contracts traded during the same period last year. Daily equity options volume had an average of 13,993,453 contracts per day in September, which is 13.90 percent less than the same period last year when 16,252,460 contracts were averaged each day. Year-to-date equity options stood at 2,543,553,491 contracts, representing an increase of .89 percent compared to the same point last year when 2,521,133,714 contracts were traded.
OIC is an industry cooperative funded by the 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 Web sites at www.OptionsEducation.org, www.OptionsEducation.org/advisor and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
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