VIX Option Volume Sets New Single Day Record

The past few days have been all about records at CBOE.   There was record SPX volume and record VIX option volume in January.   Just when I thought we had all the records covered VIX option volume topped two million contracts changing hands today.  It looks like the exact number is 2,382,752 contracts which beat the old record, set on October 8th last year by just over 600,000.  I am not one to use headline type phrases, but today’s volume shattered the old record.  Now here is the mind boggling number, VIX call volume was 1,850,206 and put volume was 532,546.  The call volume alone would have set a record even if a single put never traded.  The table below shows the top five volume days for VIX option trading.  Note that three of the top five occurred in 2014.

VIX Volume

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Russell Rhoads, CFA

CBOE Options Institute

Russell Rhoads, CFA, is a Senior Instructor with the Options Institute at the Chicago Board Options Exchange. He joined the Institute in 2008 after a career as an investment analyst and trader with a variety of firms including Highland Capital Management, Caldwell & Orkin Investment Counsel, TradeLink Securities and…