Tags: Options | Trading | Record

Options Trading Surges to Second-Highest Level on Record

Friday, 17 Dec 2010 01:40 PM

Trading of U.S. stock options soared to the second-highest level in nearly four decades of history yesterday, boosted by investors using the contracts to capture dividends paid by the biggest exchange-traded funds.

Volume jumped to 30.7 million contracts on stocks, indexes and ETFs, according to Chicago-based Options Clearing Corp., which clears and settles all trades in exchange-listed contracts. The SPDR S&P 500 ETF Trust, which tracks the benchmark measure of U.S. stocks, accounted for about a third of that volume. The record of 30.8 million was set on May 6, when U.S. stocks lost $862 billion in value in less than 20 minutes.

© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved