S&P 500 Weeklys Options Establish Consecutive Daily Volume Records At CBOE: Today's estimated SPXW volume totals nearly 750,000 contracts
CHICAGO, IL -- January 24, 2014 -- Chicago Board Options Exchange, Incorporated (CBOE®) reported that trading volume in S&P 500® Index (SPX) Weeklys options today totaled an estimated 747,616 contracts, an all-time daily volume record. Today's record surpassed -- by 75 percent -- the previous daily record of 426,955 SPX WeeklysSM (SPXW) contracts traded yesterday. Prior to this week, the single-day volume record had been 425,270 contracts from May 31, 2013.
SPX Weeklys options have driven tremendous growth in the CBOE's SPX options complex over the last several years. Average daily volume (ADV) for SPX Weeklys options during 2013 reached an all-time high of 197,126 contracts, a 98-percent increase from 2012. Total annual volume in CBOE's SPX options reached a new all-time high in 2013 with 207.5 million contracts traded, an increase of 19 percent over 2012.
CBOE's S&P 500 product line includes options on its flagship SPXSM contract, SPX Weeklys, SPX Quarterlys, SPXpmSM and Mini-SPX.
CBOE, the largest U.S. options exchange and creator of listed options, continues to set the bar for options and volatility trading through product innovation, trading technology and investor education. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as S&P 500 options (SPX), the most active U.S. index option, and options and futures on the CBOE Volatility Index (the VIX Index). Other products engineered by CBOE include equity options, security index options, LEAPS options, FLEX options, and benchmark products such as the CBOE S&P BuyWrite Index (BXM). CBOE Holdings is home to the world-renowned Options Institute and www.cboe.com, the go-to place for options and volatility trading resources.
CBOE®, Chicago Board Options Exchange®, FLEX®, LEAPS®, CBOE Volatility Index® and VIX® are registered trademarks, and BuyWriteSM, BXMSM, Execute SuccessSM, SPXSM, SPXpmSM, WeeklysSM and The Options InstituteSM are service marks of Chicago Board Options Exchange, Incorporated (CBOE). Standard & Poor's®, S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services, LLC and have been licensed for use by CBOE.