Per DR J...
Most Active ETF Options: Index and ETF option volume remains relatively strong, but the tone is more bearish as ...
Index and ETF option volume remains relatively strong, but the tone is more bearish as this week's rally takes a pause, optionMONSTER's data systems show.
The SPDR S&P 500 Fund (SPY) tops the action with 1.25 million contracts. The SPDR Financial Fund (XLF) takes second place with 425,000 options as puts outpace calls by more than 3 to 1. The S&P 500 Index (SPX) is next up with 338,000 contracts, 246,000 of which are puts.
The iShares Russell 2000 Index Fund (IWM) has 153,000 options traded, also with a 2-1 put/call ratio. Just behind are the PowerShares QQQ Trust (QQQ) options, at 143,000. The CBOE Volatility Index (VIX) contracts have changed hands 128,000 times as puts outpace calls by a bearish 3 to 1.
The SPDR Industrial Fund (XLI) sees 100,000 contracts turning over, 93,000 of which are puts. and the iShares Emerging Markets Fund (EEM) is also at the 100,000 mark. The SPDR S&P Oil & Gas Exploration & Production Fund (XOP) has 64,000 options traded, only 800 of which are calls.