The Chicago Board Options Exchange (CBOE) announced that daily trading volume in May averaged five million contracts, up 22% compared to average daily volume (ADV) of 4.1 million contracts in May 2008 and down one percent from April 2009. During its most active May ever, Exchange volume totaled nearly 100 million contracts, a 16-percent increase over 85.6 million contracts traded in May 2008. May was the third month in a row in which CBOE established a volume record versus the same month in past years.
In May, 58.5 million equity options contracts changed hands at CBOE, up 20% compared with 48.6 million contracts traded in May one year ago. Equity options average daily trading volume for the month was 2.9 million contracts, a 20% jump over May 2008 ADV of 2.3 million contracts.
ETF options monthly volume totaled 23.9 million contracts, 20 percent ahead of 19.8 million contracts in May 2008. ETF average daily volume rose 26% to 1.2 million contracts from 945,000 one year ago. Nearly 16.8 million cash-settled index options were traded in May; this translates to an average daily volume of about 838,000 contracts, up three percent from May 2008. Expanded information on May index and ETF options volume is available here.
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