Hb...last post tonight...i promise....This news flash just in from CBOE:
CBOE Continues Record-Breaking Pace in Trading Volume
CHICAGO, June 2, 1999 -- Active trading at the Chicago Board Options Exchange (CBOE) kept volume levels at a record-setting pace for the year. Total option volume at the CBOE hit a new year-to-date record for May of 94,345,286 contracts (60,165,021 calls and 34,180,265 puts) which is 16.7% ahead of year ago levels and 12.2% ahead of the previous year-to-date record of 84,116,312 contracts set in 1987.
During the month of May, a total of 17,843,141 option contracts (11,284,866 calls and 6,558,275 puts) changed hands at the CBOE, a 14.6% increase over year ago levels. Average daily volume in all CBOE listed options during May was 892,157 contracts and total open interest stood at 22,546,692 at month's end.
Year-to-date volume in stock options reached a record 70,767,728 contracts (50,270,996 calls and 20,496,732 puts), an increase of 30% over year ago May levels, which was the previous year-to-date record with 54,381,430 contracts trading. During the month of May,1999 a total of 13,322,415 stock option contracts (9,428,920 calls and 3,893,495 puts) traded, an increase of 30% over May 1998. Open interest in stock options stood at 18,472,875 contracts (11,812,205 calls and 6,660,670 puts) at the end of May 1999, an increase of 32.3% over May, 1998.
Total index option volume for May at CBOE was 4,514,728 contracts (1,852,757 calls and 2,661,971 puts). Trading in S&P 100® Index options (OEX) reached 2,146,164 contracts (929,055 calls and 1,217,109 puts) and open interest stood at 301,625. Trading volume for the month of May in the S&P 500® Index options (SPX) was 1,734,060 contracts (743,293 calls and 990,767 puts). Open interest in SPX options stood at 2,144,983 contracts at the end of May.
Volume in Options on the Dow Jones Industrial AverageSM (DJX) increased significantly in May. Total volume in DJX was 388,502 contracts (81,316 calls and 307,186 puts), up 67% from year ago May levels and an increase of 18% over last month's volume. Average daily volume for DJX during May was 19,425 contracts and open interest stood at 374,059 at month's end.
Active trading in the CBOE internet indexes led to a 47% increase in volume for the sector indexes with volume in the CBOE Internet Index (INX), the GSTI Internet Index (GIN), and the Dow Jones Internet Commerce Index (ECM) as the most active.
So, now you know.
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