January 24, 2014 – Today the CBOE Short-term Volatility Index (VXST) rose 6.63 points to close at 20.84 (a 47% rise), and the CBOE Volatility Index (VIX) rose 32%
- Yesterday (Jan. 23) the daily volume for the S&P 500 Weeklys options (SPXW) hit an all-time high of 426,955 contracts.
- Today (Jan. 24) reported estimated volume for the S&P 500 Weeklys options was approximately 750,000 contracts, the second day in a row for a new all-time record trading volume day.
- The average daily volume for SPXW options rose from 99,358 in 2012 to 197,126 in 2013, an increase of 98%.
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).
For a volume chart and more details, please visit www.cboe.com/SPXW.