The Chicago Board Options Exchange (CBOE) experienced the busiest trading day in its history on February 27, 2007, with a reported 6,798,076 contracts traded.
This was the first time that CBOE’s total single-day volume exceeded the six million contracts traded mark and easily surpassed the previous record of 5,816,336 contracts from May 19, 2006.
Trading in the Nasdaq-100 Index Tracking Stock (QQQQ) options also set a new record on Tuesday, February 27, 2007 as reported volume in QQQQ options at CBOE today was 1,034,995 contracts, shattering the previous record of 486,515 contracts traded on April 6, 2004.
Volume in options on the CBOE Volatility Index (VIX) was especially heavy today, with a reported 120,100 contracts trading, compared to the average daily volume in January of 31,241 contracts, but less than the record of 162,856 contracts traded on August 14, 2006. VIX closed today at 18.31, up 64% from yesterday’s close of 11.15.