Friday we noted that SPXPM was on track for 5k contracts (it traded 5732) and today the product is on pace for nearly 10000 contracts, impressive for the 10th day since listing. Nov 1300 calls are the most active today, with a seller collecting an avg price of 4.31 for 500 contracts, and most of that volume trading 5mins after similar size traded in the regular SPX for 4.60. Largest open interest block in SPXPM is the Jan 935 Puts, with 2013 open from a FLEX trade prior to SPXPM listing.
Category: All Indexes
About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.