Do not show again. CHICAGO -- More than 330 million options contracts were traded in the U.S. last month, putting the industry on course to top its record-breaking performance last year, according to an industry group.The Options Trading Brisk in October Board Options Exchange remained the biggest U.S. options trading venue by volume with 102 million contracts changing hands in October, up 3% from the previous month.Across all options exchanges, an average 15 million.
Oil options trading is active as many traders think it is time to bet on a turnaround. Likewise Reuters reported massive options action in the Energy Select Sector SPDR after OPEC announced that it will not cut back on oil sales.Activity in the options on the Energy Select Sector SPDR Exchange-Traded Fund exploded on Friday as traders who had bet on a drop in the ETF scrambled to book hefty profits a day after OPEC decided not to cut oil output.
Options Trading Brisk in October