The large-sized SPXW S&P 500 options with p.m.-settlement generated another strong figure of around 600,000 contracts for average daily volume in in June.
Key points about SPXW options include –
VOLUME. Average daily volume (a.d.v.) for SPXW options in June included 77,069 for the Monday expirations, 107,986 for mid-week expirations, and 267,955 for Friday expirations (see Exhibit 1 below);
MANY EXPIRATIONS. SPXW options have expirations on 9 upcoming dates in July (see Exhibit[...]