All-time Record Volume Month for SPX Weeklys Options

October 2012 was an all-time record volume month for SPX Weeklys (SPXW) Options, with an average daily volume of 134,961 contracts.

SPXW options have experienced tremendous growth. As shown in the chart below, SPXW average daily volume was 84.049 in October 2011 and 24,318 in October 2010.

SPXW options can provide opportunities for investors to implement more targeted buying, selling or spreading strategies. SPXW options can help investors efficiently take advantage of market events, such as earnings, government reports and Fed announcements.


In May 2012 CBOE began extending the listings of SPX Weeklys, and maintaining five consecutive expiration weeks available for trading options on the S&P 500. SPX Weeklys are traded on CBOE and quotes can be found in SPX options chains under root symbol SPXW. SPX Weeklys are PM-settled on the last trading day, typically a Friday. As with other PM-settled index options, the exercise-settlement value is calculated using the last (closing) reported sales price in the primary market of each component stock. On the last trading day, trading in expiring SPX Weeklys closes at 3:00 p.m. (Chicago time). All non-expiring SPX Weeklys continue to trade until 3:15 p.m. (Chicago time).

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