The Chicago Board Options Exchange (CBOE) announced that average daily volume (ADV) in April was 5,008,128 contracts, up 28% when compared to April 2008 ADV of 3,924,060 contracts and 1% ahead of the March 2009 ADV of 4,949,489 contracts. Total exchange volume during the month rose 22% to 105,170,689 contracts, up from April 2008 volume of 86,329,314 contracts. April 2009 was the busiest April in CBOE history.
Year to date, daily trading volume at CBOE is averaging 4,613,098 contracts versus 4,443,863 contracts per day through April 2008, a gain of 4%. Total CBOE contract volume through April 2009 rose 3% to 378,274,067 contracts, compared to 368,840,589 contracts trading during the first four months of 2008.
During April, trading volume in equity options at CBOE totaled 64,340,795 contracts, surpassing 48,411,293 contracts traded in April 2008 by 33%. Average daily volume in equity options for the month was 3,063,847 contracts, a 39% increase over ADV of 2,200,513 contracts in April 2008. On April 17, the Exchange recorded a new single-day high in equity options trading as 4,598,739 contacts changed hands.
Volume in cash-settled index options totaled 17,736,427 contracts in April 2009, down one percent from the year-ago volume of 17,922,574 contracts. Average daily volume during the month was 844,592 contracts, an increase of 4% from April 2008 ADV of 814,662 contracts. During April, exchange traded fund (ETF) options volume totaled 23,093,255 contracts, 15% above April 2008 volume of 19,995,251 contracts. ETF options average daily volume for the month was 1,099,679 contracts, 21% ahead of April 2008 ADV of 908,875 contracts. Expanded information on April volume for index options and ETF options is available here.
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