May Options Volume & Market Share Options volume up 18% year-over-year On June 1, 2017 OCC, the world's largest equity derivatives clearing organization, announced that exchange-listed options volume reached 366,527,012 contracts in May, an 18 percent increase from May 2016. Year-to-date average daily options volume is up one percent, with 16,531,821 contracts. Equity options volume in May was 327,284,307 contracts, a 17 percent increase from May 2016. This includes cleared ETF options volume of 134,835,545 contracts last month, an 11 percent increase over May 2016 volume of 120,977,610 contracts. Index options volume in May was up 21 percent from May 2016 with 39,242,705 contracts.
Here are the details (Source: OCC)
| Exchange | Equity | Index/Other | Exchange Total | | Â | Volume | Market Share | Volume | Market Share | Volume | Market Share | | AMEX | 24,192,863 | 7.39% | 2,303 | 0.01% | 24,195,166 | 6.60% | | ARCA | 24,709,050 | 7.55% | 8,531 | 0.02% | 24,717,581 | 6.74% | | BATS | 41,405,320 | 12.65% | 0 | 0.00% | 41,405,320 | 11.30% | | BOX | 7,546,932 | 2.31% | 0 | 0.00% | 7,546,932 | 2.06% | | C2 | 12,045,698 | 3.68% | 174,149 | 0.44% | 12,219,847 | 3.33% | | CBOE | 58,168,420 | 17.77% | 38,750,407 | 98.75% | 96,918,827 | 26.44% | | EDGX | 4,318,169 | 1.32% | 0 | 0.00% | 4,318,169 | 1.18% | | GEM | 15,724,315 | 4.80% | 15,574 | 0.04% | 15,739,889 | 4.29% | | ISE | 30,894,440 | 9.44% | 88,631 | 0.23% | 30,983,071 | 8.45% | | MCRY | 508,076 | 0.16% | 0 | 0.00% | 508,076 | 0.14% | | MIAX | 17,197,677 | 5.25% | 0 | 0.00% | 17,197,677 | 4.69% | | MPRL | 1,099,665 | 0.34% | 0 | 0.00% | 1,099,665 | 0.30% | | NOBO | 2,315,630 | 0.71% | 0 | 0.00% | 2,315,630 | 0.63% | | NSDQ | 31,104,558 | 9.50% | 0 | 0.00% | 31,104,558 | 8.49% | | PHLX | 56,053,494 | 17.13% | 203,110 | 0.52% | 56,256,604 | 15.35% | | OCC Totals | 327,284,307 | 100.00% | 39,242,705 | 100.00% | 366,527,012 | 100.00% |
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| TIME (ET) | REPORT | PERIOD | FORECAST | PREVIOUS | | MONDAY, JUNE 5 | | 8:30 AM | Productivity (revision) | Q1 |  | -0.60% | | 8:30 AM | Unit labor costs | Q1 |  | 3.00% | | 9:45 AM | Markit services PMI (final) | May |  | 54 | | 10:00 AM | ISM nonmanufacturing index | May |  | 57.50% | | 10:00 AM | Factory orders | April |  | 0.20% | | TUESDAY, JUNE 6 | | 10:00 AM | Job openings | April |  | 5.7 mln | | WEDNESDAY, JUNE 7 | | 3:00 PM | Consumer credit | April |  | $16 bln | | THURSDAY, JUNE 8 | | 8:30 AM | Weekly jobless claims | 27-May | 238,000 | 234,000 | | 10:00 AM | Quarterly survey of services | Q1 |  |  | | FRIDAY, JUNE 9 | | 10:00 AM | Wholesale inventories | April |  | 0.20% |
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 Options Insider Radio Network Episodes you may have missed from Options Insider Radio last week
Option Block 624: Mystery Tesla Puts Posted June 2nd, 2017 Trading Block: Today we welcome guest co-host Matt Amberson from ORATS. AMZN finally hits $1000. Who is next? Google? Do we need to bring back mini options with all of these high-priced stocks? The crude rally continues. Odd Block: TSLA Options Tracker: Guess what the number one position in Tesla is right now? Calls trade in Taubman Centers (TCO). Strategy Block: Mike discusses his SPY diagonal spread trade put on last week. Mail Block/Options Question of the Week: AMZN just hit $1000. Will GOOGL do it next? The GOOGL $1000 call expiring Friday = $4, $1000 Put = $8. How would you trade? - Sell $1000 Call for $4
- Buy $1000 Call for $4
- Sell $1000 Straddle: $12
- Sell $1000 Put for $8
Listener Question: What's on your mind? Question from GuruHawk -How do you know the shares were purchased as well? I see the volume on the option... But to know workings of intent? Around the Block: What is going on in the June 16 SPY contract? Market reaction to the decision to pull out of the Paris Climate Agreement. Non-farm payrolls. How low can VIX go? What else will hit the $1000 mark? Â Options Playbook Radio 160: FCX Debit Put Spread Posted June 1st, 2017 Options Playbook Radio 160: FCX Debit Put Spread Last week's episode looked at a backspread with calls. That strategy is on page 83 of the Options Playbook. This week, we will cover a debit put spread, which is on page 62. In this session, Brian covers: - A review of last week's AMD backspread
- Why look at FCX?
- Why a long put spread?
- Erring on the side of being too short or too long
- Intrinsic value considerations
- Picking strikes and expiration dates
- Buying as much time premium as selling
 Volatility Views 256: The Holiday Weekend Volatility Blues Posted May 30th, 2017 Volatility Review: A look back at the week from a volatility perspective - VIX Cash - 9.99
- VVIX - 82.20
- CBOE Skew Index - 123.65
Russell's Weekly Rundown: Volatility Voicemail: Options Question of the Week $VIX =11.20. $VIX June Future = 12.40 $VIX Weekly 11 puts = $.15, Weekly 13 Calls = $.15. What's your trade? - Buy 13 Call for $.15
- Buy 11 Put for $.15
- Sell 13 Call for $.15
- Sell 11 Put for $.15
Listener Questions and Comments: - Comment from VTrader - When VIX is below 11.5 since 2006, that current difference between from the front month and VIX cash is at its highest.
- Question from Eli Vagan - Did the spike in VIX last week finally break that short Vol feedback loop that everyone is focused on these days?
- Question from Benod - What was the truth behind that VIX strangle last week?
- Question from Allan Nemy - All this action in crude it seems like a good time for some crude Vol products. Why no CBOE crude volatility options?
Crystal Ball: Wild and reckless prognostication This week: - Mark L. - 10.25
- Mark S. - 9.75
- Russell - 10.75
This Week in Futures Options 53: Crude Smackdown with Some Bitcoin Love Posted May 30th, 2017 Topics this week include: Crude/WTI and gold. Futures Options Feedback: Listener questions and comments - Question from Olivetrader1: During the last show you mentioned defending a straddle. That means buying futures as soon as we are trading under the put and selling futures as soon as they are trading above the call, or is there more room for execution.
- Comment from FContangotrader: I cannot wait to start trading options on corn and Bitcoin.
- Question from Bobter: Can you trade options outside of U.S. trading hours?
- Question from LV56: I am mostly trading futures intra-day to scalp a few ticks - primarily S&P, crude and gold. I am interested in options but I do not see how to apply them to my trading style. Is there a way to use options for very short-term intra-day tick scalping?
Options Insider Radio Interviews: Talking Findings from the Survey of Options for Financial Advisors with OIC Posted May 30th, 2017 Recorded live at the 2017 Options Industry Conference, Mark is joined by Eric Cott, Director of Advisor Education, and Emily Sweet, Senior Analyst at Cerulli Associates. They discuss: - Merging the Options Industry Conference and the Financial Advisor Conference
- The survey Cerulli Associates did for the OIC on financial advisors
- Surprising findings from the survey
- Downside protection, hedging, and other ways larger advisors are using options
- How many advisors participated in the survey
- When there is a dedicated CIO, there is more use of options
- Improving professional trading tools
- How many advisors aren't comfortable talking about options with clients?
- Options as a counterpoint to the robo advisor
- What about the advisors who previously used options but stopped?
- The client influence on options is hard to quantify
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