September Options Volume & Market Share Options volume up over 10% from September 2018
On October 1, OCC announced that total cleared contract volume in September reached 365,152,938 contracts, up 8.7 percent compared to September 2017 volume of 335,867,813. OCC's year-to-date average daily cleared contract volume is up 18.6 percent with 20,209,877 contracts compared to 17,038,958 contracts in 2017. Overall exchange-listed options volume reached 358,572,914 contracts in September, up 10.3 percent from September 2017. Equity options volume reached a total of 322,566,988 contracts, a 14.3 percent increase from September 2017. This includes cleared ETF options volume of 116,971,793 contracts last month, a 4.6 percent decrease compared to September 2017 volume of 122,563,903 contracts. Index options volume was down 16.2 percent with 36,005,926 contracts in September, but year-to-date average daily
volume was up 9.1 percent from September 2017.
Market share for September (Source: OCC)
| Exchange | Equity | Index/Other | Exchange Total | | Â | Volume | Market Share | Volume | Market Share | Volume | Market Share | | AMEX | 28,871,496 | 8.95% | 114 | 0.00% | 28,871,610 | 8.05% | | ARCA | 31,694,530 | 9.83% | 131 | 0.00% | 31,694,661 | 8.84% | | BATS | 27,579,117 | 8.55% | 0 | 0.00% | 27,579,117 | 7.69% | | BOX | 7,558,272 | 2.34% | 0 | 0.00% | 7,558,272 | 2.11% | | C2 | 10,813,163 | 3.35% | 114,939 | 0.32% | 10,928,102 | 3.05% | | CBOE | 49,560,787 | 15.36% | 35,533,827 | 98.69% | 85,094,614 | 23.73% | | EDGX | 9,621,284 | 2.98% | 0 | 0.00% | 9,621,284 | 2.68% | | GEM | 15,101,254 | 4.68% | 12,904 | 0.04% | 15,114,158 | 4.22% | | ISE | 28,272,631 | 8.76% | 103,177 | 0.29% | 28,375,808 | 7.91% | | MCRY | 430,169 | 0.13% | 0 | 0.00% | 430,169 | 0.12% | | MIAX | 14,591,474 | 4.52% | 0 | 0.00% | 14,591,474 | 4.07% | | MPRL | 16,139,559 | 5.00% | 0 | 0.00% | 16,139,559 | 4.50% | | NOBO | 1,079,303 | 0.33% | 0 | 0.00% | 1,079,303 | 0.30% | | NSDQ | 27,081,650 | 8.40% | 0 | 0.00% | 27,081,650 | 7.55% | | PHLX | 54,172,299 | 16.79% | 240,834 | 0.67% | 54,413,133 | 15.17% | | OCC Totals | 322,566,988 | 100.00% | 36,005,926 | 100.00% | 358,572,914 | 100.00% |
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Featured Interview Options Insider Radio Interviews: Talking ETF Options with OIC Posted January 31st, 2018 Mark attended the Inside ETFs conference and ran into Eric Cott. They discussed: - OCC's perspective on ETF options
- What is the level of options interest in ETF providers and traders?
- Total cleared volume for 2017
- Is there a shift from passive to active portfolio management afoot?
- The new OIC options certificate for advisors
- What about Bitcoin options?
- Will the new tax code impact options traders?
Upcoming Economic Reports A preview of what may move the market this week
| TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | MONDAY, OCT. 8 | | Â | None scheduled - Columbus Day | Â | Â | Â | | TUESDAY, OCT. 9 | | 6:00 AM | NFIB small-business index | Sept. | -- | 108.8 | | WEDNESDAY, OCT. 10 | | 8:30 AM | Producer price index | Sept. | 0.20% | -0.10% | | 10:00 AM | Wholesale inventories | Aug. | -- | 0.60% | | THURSDAY, OCT. 11 | | 8:30 AM | Weekly jobless claims | 6-Oct | 206,000 | 207,000 | | 8:30 AM | Consumer price index | Sept. | 0.20% | 0.20% | | 8:30 AM | Core CPI | Sept. | 0.20% | 0.10% | | 2:00 PM | Federal budget | Sept. | -- | $8 bln | | FRIDAY, OCT. 12 | | 8:30 AM | Import price index | Sept. | -- | -0.60% | | 10:00 AM | Consumer sentiment index | Oct. | 100.6 | 100.1 |
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Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week
Posted October 5th, 2018 Trading Block: An overview of STA 2018: Stocks, stocks and more stocks. Google searches for hedges is ticking up. VIX searches anemic compared to Feb. Strategy Block: Uncle Mike Tosaw discusses 1x2 ratio spreads Mail Block: Listener questions and comments - Question from David Kotlyar - Hey mark, Could you discuss the Jun 2019 400 SPY calls? Very cheap and getting some love (5000+ contracts OI)
- Question from JL Smith - How important is OI when you're trading options? Are there other indicators that you focus on instead?
- Question from One0761 - Are we in the midst of a major correction.
- Question from JustinCredible18 - Any thoughts on BBD Nov calls? Nice Brazil stock rally going on.
- Question from KBX32 - What is the cheapest way to hedge my portfolio with options?
Around the Block/This Week in the Markets - Oct 5: Unemployment, Consumer Credit
 Posted October 5th, 2018 Topics this week include: - FX
- Metals/Gold
- Crude/WTI
- Equities
- Crypto<
Futures Options Feedback: Listener questions and comments. - Question from Leo Orland: What is the base mining/production cost for gold? Are we approaching that level?
- Question from Tatlas: Love Vol Views and TWIFO. I miss the Two-fer Fridays with both shows. Keep up the crude info. Have a somewhat basic question. Can I trade options on WTI/Brent or just futures? Thx again.
- Question from One0761: Are we in the midst of a major correction.
 Posted October 4th, 2018 Earnings in FAANG stocks are coming up, with NFLX leading the way on 10/16. We're going to do a long calendar spread with calls. You can find more in The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: - A review of last week
- Why a calendar spread?
- Where is NFLX now?
- Earnings are released on 10/16
- What is the expected earnings?
- Selecting a strike
- Setting up the trade
- What is the maximum risk? Reward?
- What do we want to happen?
- What is the net delta?
- And more
Do you have a question that you want answered on a future episode? Send them to Brian at theoptionsguy@invest.ally.com, or to the Options Insider at questions@theoptionsinsider.com.  Posted October 3rd, 2018 In this episode, Mark is joined by Soumya Basu, CTO at bloXroute. They discuss: - What is bloXroute?
- What does Soumya do there?
- Closing the Bitcoin data gap
- What makes their approach different?
- Rethinking the block size
- What is it about Chicago?
- And more...
 Posted October 1st, 2018 Trading Block: The Trump trade deal: Bringing Canada and Mexico back to the table. The Tesla investigation was a farce: seems like the SEC just wanted some headlines. Odd Block: A summary of Tesla (TSLA) puts, options palooza in New Age Beverages Corp (NBEV), put love & call stupid in WisdomTree TR/Japan Hedged Equity (DXJ) and opening put palooza in AVEO Pharmaceuticals (AVEO) Strategy Block: Uncle Mike Tosaw discusses investing 101. Mail Block: Volatility Flash Poll The CBOE Skew Index alarmed many when it soared above 150. Of course, every index tells its own skew story. Which index do you think has the steepest skew right now (aka 25D put vol vs. 25D Call vol)? - 41% - Russell 2000
- 26% - S&P 500
- 30% - Nasdaq
- 3% - Other
Listener questions and comments: - Question from Oytrate - What is a reason that someone would write ITM covered calls? Seems like a waste of time to me since you're capping all of your upside.
- Comment from J3dingle - Thanks Mark, I really enjoyed that segment. There was so much going on at that time, I actually forgot all about the short selling ban. I remember seeing Morgan Stanley at sub-$10. Bear Stearns bought for $2, then upped to $10. Citi trading for less than a $1? (Pre-reverse split)
- Question from UpwardMomentum - Approximately what percentage of your unusual option activity trades are winners?
Around the Block/This Week in the Markets: - Oct 1 - Construction Spending
- Oct 4 - Jobless Claims, Factory Orders
- Oct 5 - Unemployment, Consumer Credit
 Posted October 1st, 2018 In this episode, Mark is joined by Toby Allen, Senior Partner and Head of Digital Assets at Akuna Capital They discuss: - Toby's background in trading
- What does Akuna trade?
- The nuances of the CME and CBOE crypto futures
- What is their go-to crypto trading vehicle?
- What do the OTC skew graphs look like?
- Is there any bias to the flow?
- Getting the processes right for crypto trading
- Growing arbitrage opportunities
- Is the downturn in the underlying dampening demand?
- The plight of liquidity providers
- And more...
 Posted October 1st, 2018 Volatility Review: A look back at the week from a volatility perspective This week, featuring guest co-host Bill Valentine from Valentine Ventures. - The old VIX call vs SPX put debate continues
- VIX Cash - 12.5, up 0.3 from last show
- RVX - 14.6, up 0.7 from last week
- VVIX - 89, 2 handles higher than last show
- Size "hedge" in SPX puts this week
- VIX Options - ADV, 452K, VIX call/put: 2.8/1, Total 7.77m (5.74m Calls, 2.03m Puts)
- VXX - 26.65, almost unchanged from last show
Volatility Voicemail: Volatility Flash Poll The CBOE Skew Index alarmed many when it soared above 150. Of course, every index tells its own skew story. Which index do you think has the steepest skew right now (aka 25D put vol vs. 25D Call vol)? - Russell 2000
- S&P 500
- Nasdaq
- Other
Listener questions and comments: - Question from Leans - Do you think SVXY will ever go back to its pre-Feb structure?
- Question from Tim - Is there really such a thing as a "covered call" in VIX since the options don't expire into futures? If I'm long a future and sell a XIV call against it what is that called?
Crystal Ball: Your prognostication headquarters Last week: - Mark L. - 11.25
- Mark S. - 12.14
This week: - Mark L. - 11.75
- Mark S. - 12.15
- Bill - 13.00
Where to Find Options Insider Radio? Do you know all the ways you can access Options Insider Radio              Â
Options Insider Radio Network Live Recordings Do you want to be a part of the fun? This is when you can access the LIVE shows this week: Monday: Option Block LIVE at 12pm Central
Thursday:
Option Block LIVE at 12pm Central
This Week in Futures Options LIVE at 1:30 Central
Friday:
Volatility Views LIVE at 12pm Central
As always, you can join in the fun at http://mixlr.com/options-insider/
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