The ten most active options contracts today are in the SPDR 500 Trust (SPY). The eight most actives are puts on the exchange-traded fund. SPY is off 42 cents to $135.07 on very light volume of 70 million shares. The projected volume, of 96 million, is about 60 percent of the normal. In fact, today’s share volume is only in the 1 percentile of daily volume for the Spiders during the past year. 310,000 calls traded on the product, or 39 percent the expected. 725,000 SPY puts have changed hands, only 63 percent of anticipated. August 135 puts, which are at-the-money, are the most actives. 45,354 traded. The next most actively traded options contracts today (ranked by volume) are SPY Jul 130 puts, Jul 132 puts, Weekly 135 puts, Jul 135 puts, Jul 133 puts. Aug 128 puts, and July 127 puts. Implied volatility in SPY is up 6 percent to 15.5, but still below the 30-day actual volatility of 17.5.
Category: All ETFs
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.