Another day of heavy trading in the ETF and index world. In the SPYders, more than 4 million contracts traded (67 percent on the put side of the options chain.) 1.5 million contracts trade on the PowerShares QQQ (QQQQ) and almost 1 million in the Select Sector Financials (XLF). Russell 2000 (.RUT), Dow Jones DIAMONDS (DIA), Nasdaq 100 Index (.NDX), Powershares Bullish Dollar Fund (UUP), and SPDR Homebuilders (XHB) are also seeing 2X or more the recent average daily volume. On a related note, yesterday was a record day for the options industry, with 30,818,984 contracts traded, according to an OCC press release.