The Chicago Board Options Exchange (CBOE) announced that June trading volume at CBOE was 36,885,731 contracts traded, 39% higher than the 26,545,956 contracts traded in June 2004. The 39% increase in volume represented the biggest monthly year-to-year gain thus far in 2005 at CBOE. The surge in trading volume was experienced across all of CBOE’s product lines – equity options volume rose 36%; index options volume jumped 43%; and volume in options on exchange traded funds spiked 56% for the month.
Daily trading was at 1,676,624 contracts, up 33% vs year ago. Volume in index options totaled 15.6 million contracts, an increase of 43% over year-ago levels. The top five index options at CBOE during June were: S&P 500 Index (SPX); Nasdaq-100 Index Tracking Stock (QQQ); Standard & Poor’s Depositary Receipts/SPDRs (SPY); S&P 100 Index (OEX); and iShares Russell 2000 Index Fund (IWM).
Volume in stock option classes rose 36% over June 2004 as 21.2 million contracts were traded. The top five stock option classes at CBOE during June were: Google Inc. (GOOG), Apple Computer, Inc. (AAPL), General Motors Corporation (GM), Caesars Entertainment, Inc. (CZR), and Time Warner, Inc. (TWX).
On June 23rd, CBOE announced that it will begin trading both options and futures on twelve new sector indexes called “PowerPacks SM” on July 8th. The dozen individual indexes included in the family of CBOE PowerPacks are: Banks, Biotechnology, Gold, Internet, Iron & Steel, Oil, Oil Services, Pharmaceuticals, Retail, Semiconductor, Technology, and Telecom Indexes.
During June, CBOE Futures Exchange (CFE) volume totaled 15,576 contracts traded, with an average daily volume of 708 contracts. At the end of June, open interest stood at 14,305 contracts.