S&P 500 Index (.SPX) $1350.64 -0.20%

| November 16, 2012 | 0 Comments More

Official settlement value for Nov SPX options is 1353.46 today, and option volume in the pit is running well above normal this morning, with puts leading calls 3:1- well above the avg put/call near 1.54. Dec 1000 strike puts are the most active, with 19K trading as part of the Dec 900-1000-1100 put fly that a trader bought for 35cents when the index was near 1349.

Category: All Indexes

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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.

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