CHICAGO, Nov. 1, 2011 /PRNewswire/ -- CBOE Holdings, Inc. (NASDAQ: CBOE) today reported that October trading volume for options on the Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), the company's all-electronic market, combined, totaled 105.2 million contracts. Average daily volume (ADV) was 5.0 million contracts, an increase of 16 percent from October 2010 ADV of 4.3 million contracts per day.
CBOE's October 2011 ADV of 4.7 million contracts was a nine-percent increase from 4.3 million contracts per day in October 2010 and even with September 2011 ADV.
CBOE index options – October 2011 index option ADV was 1.4 million contracts, up 35 percent from just over one million contracts ADV in October 2010 and down two percent from September 2011 ADV of 1.4 million contracts.
CBOE ETF options – October 2011 ETF option ADV was 1.5 million contracts, up 49 percent from just over one million contracts ADV in October 2010 and down eight percent from September 2011 ADV of 1.6 million contracts.
CBOE equity options – October 2011 equity option ADV was 1.8 million contracts, down 20 percent from 2.3 million contracts ADV in October 2010 and up 10 percent from September 2011 ADV of 1.7 million contracts.
The five most actively traded index and ETF options at CBOE during October were the S&P 500 Index (SPX), Standard & Poor's Depositary Receipts (SPY), CBOE Volatility Index (VIX), iShares Trust-Russell 2000 Index Fund (IWM) and QQQ Trust (QQQ).
The five most actively traded equity options at CBOE during October were Apple (AAPL), Bank of America (BAC), Citigroup, Inc. (C), Microsoft Corporation (MSFT) and JP Morgan Chase & Co. (JPM).
CBOE's market share of total U.S. options industry volume in October was 25.5 percent, up 0.1 of a percentage point from September 2011 and down 1.1 percentage points from October 2010. If the volume from dividend trades was excluded from CBOE's data for October 2011, the Exchange's total market share for October wouldincrease to 25.7 percent from 25.5 percent, an increase of 0.2 of a market share point. Exclusion of dividend trades from total industry volume data presents a more relevant measure of the relative trends in the options business.
CBOE Current Month
Year-To-Date
Oct 2011
Oct 2010
% pt. Chg
Sep 2011
% pt. Chg
Oct 2011
Oct 2010
% pt. Chg
Total Exchange
25.5%
26.6%
-1.1%
25.4%
0.1%
25.6%
29.3%
-3.7%
Total Exchange (excl. dividend trades)
25.7%
28.4%
-2.7%
26.2%
-0.5%
26.4%
30.4%
-4.0%
Equity Options
19.6%
22.1%
-2.5%
19.5%
0.1%
20.7%
24.6%
-3.9%
Equity Option (excl. dividend trades)
20.0%
24.5%
-4.5%
19.9%
0.1%
21.6%
25.9%
-4.3%
Index Options
95.0%
95.2%
-0.2%
95.7%
-0.7%
94.7%
93.7%
1.0%
Index Options (excl. dividend trades)
95.5%
95.6%
-0.1%
95.9%
-0.4%
95.0%
94.3%
0.7%
ETF Options
19.3%
20.8%
-1.5%
19.1%
0.2%
19.2%
22.8%
-3.6%
ETF Options (excl. dividend trades)
19.4%
20.8%
-1.4%
20.0%
-0.6%
19.4%
23.1%
-3.7%
CBOE October 2011 Market Shareby Product:
Index options– CBOE's market share was 95.0 percent, down 0.7 of a percentage point from September 2011 and down 0.2 of a percentage point from October 2010.
ETF options– CBOE's market share was 19.3 percent, up 0.2 of a percentage point from September 2011 and down 1.5 percentage points from October 2010.
Equity options– CBOE's market share was 19.6 percent, up 0.1 of a percentage point from September 2011 and down 2.5 percentage points from October 2010.
C2 Options Exchange Trading Volume and Market Share
C2 Trading Volume:
In October 2011, C2 ADV was 268,006 contracts, up 17 percent from September 2011 ADV of 228,595 contracts.
ADV for equity options and ETF options in October was up 49 percent and one percent, respectively, from September 2011 ADV.
Trading in SPXpm – the all-electronic S&P 500 Index options contract launched on C2 on October 4 – averaged 5,014 contracts per day in October.
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