News That Matters

thetrader's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
dida's picture

Thank you for all this good information, it is very useful for me and also interesting. Cazare Praid

shazbotz's picture reports that the SPX.X S&P 500 1200 December 2011 Put regular expiration has our record volume level for daily and weekly volume. 

Today 34,009 have traded hands today, roughly $186,166,550 for this strike alone. As we were typing this article another 3k contracts printed, 2k at the high of the day of $59.

To give you an idea of the average daily volume, SMF took a look at the average weekly volume since the inception of this contract and that average is 8,871 contracts weekly. Today's put buying on this S&P 500 contract brings the weekly total to 98,324. This represents a 1,108% increase when compared weekly average of 8,871.

Who's Buying All Those S&P 500 Put Options? Institutional traders and hedge fund managers expecting a drop and looking to profit off a market decline by options expiraiton on November 18, 2011 and December 16, 2011. There were also massive amounts bought at the December strike price, the 3 contracts below represents $371,277,550 traded on the put side for today only.


Month    Strike       Volume   Dollars    Dec         1200          34,159     $186,166,550.00  Dec         1205          8,646       $48,417,600.00  Nov         1200          33,835     $136,693,400.00    Total                                       $371,277,550.00