OIC Announces September Average Daily Options Trading Volume Fell 7 Percent
On Monday, the Options Industry Council (OIC) announced that 17,348,823 contracts traded on average each day in September; this represented a 6.9 percent fall from the previous year's 18,630,087 contract average.
This is also the highest average since February.
For September, total options trading was 329,627,631 contracts, down 15.7 percent from the previous year's 391,246,939 contracts. September 2011 had two additional trading days than September 2012.
To-date, trading volume stood at 3,031,485,451 contracts--13.6 percent lower than the 3,507,063,494 contracts traded during the same period in 2011. This marks the fifth straight year that annual options trading volume has surpassed 3 billion contracts; it is the second consecutive year it has occurred by the end of September.
September's equity options volume (options on individual stocks and ETFs) was 301,402,163 contracts, down 16.2 percent as compared to September 2011's 359,818,479 traded contracts.
On average, 15,863,272 equity options contracts changed hands daily in September, representing a 7.4 percent decline from 2011's daily average of 17,134,213 contracts.
To-date, equity options volume is 2,794,080,742 contracts, down 14 percent as compared to the previous year's 3,248,324,766 contracts.
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