Chicago, Ill (PRWEB) April 01, 2014
The Options Industry Council(OIC) announced today that 355,570,399 total options contracts were traded in March, 14.12 percent more than March of last year when 311,565,300 contracts were exchanged.
Average daily volume was 16,931,924 contracts, up 8.69 percent compared to last March’s 15,578,265 contracts. Year-to-date volume stood at 1,090,299,568 contracts, 9.73 percent more than last year’s 993,580,233 contracts.
Equity options volume came in at 321,641,596 contracts, 15.26 percent more than last March when 279,047,146 contracts were exchanged. Average daily volume for equity options for March was 15,316,266 contracts, 9.78 percent greater than last year’s 13,952,357 contracts. Year-to-date equity options volume stood at 980,477,032 contracts, which is 9.08 percent more than the 898,885,441 contracts traded in the same period last year.
OIC is an industry cooperative funded by all the U.S. options exchanges and OCC. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. OIC's resources include: Investor Services live help at 1-888-OPTIONS, its educational website at http://www.OptionsEducation.org, live seminars throughout the continental United States and Canada, and educational literature.