The CBOE’s new SPXPM index is having a record day, with 17,000 contracts trading and an hour left to go. The regular SPX index is also very busy, with over 1.2million contracts traded, or 70% above normal for this point in the day. In the PM contracts, Nov 1190 and 1195 puts lead the most actives, with a number of 247lots hitting just after noon in what resembles a condor spread for a 35cent credit. General market volume is approaching 20million contracts, about 36% above normal, while the underlying stock volume is actually a bit light at 6.26billion shares.
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.