ETF with good options volume for US dollar

rickcremer said:
Not sure what platform or database you're using but my three sources (ToS, OCC, and CBOE) show the following at the COB today (16:00 EDT/20:00 UTC). Of course the numbers vary by a few contracts between data sources but all pretty much paint an accurate picture.

Daily Options Volume COB 3/12/2015

EEM iShares MSCI Emerging Markets Indx (ETF) 18,400 PUTS 83,000 CALLS
GDX Market Vectors Gold Miners ETF 62,900 PUTS 19,400 CALLS
GLD SPDR GOLD SHARES 33,400 PUTS 31,000 CALLS

All the numbers have been rounded to the nearest 50 contracts. GLD, GDX, and EEM all had more than 50,000 contracts traded today. EEM was over a 100 thousand, GDX over 80 thousand, and GLD about 65,000 thousand.

As an aside, FXE had a trading volume of 21,000 and UUP 16,000. Neither of those meet my criteria. I like lots of volume, open interest, lots of expiration months, and narrow bid/asks. Currency ETFs don't provide most of that.

Again, you may want to check your reference and data sources.

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Let me check with my broker ...i am using questrade...i am in canada
 
Victor123 said:
I got it..your number is the total against all strikes and all expiration months...i was looking at a particular expiration.
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Again your trading platform should let you look at each available expiration month, each strike in that month, and volume and open interest for each strike. Plus bid/ask, greeks, probabilities, etc. Here's a picture for the FXE ETF at the COB yesterday. Using the ToS platform. Notice that it shows all tradable series including regular monthlys and weeklys. FXE does not appear to have tradeable Qtrlys or EOMs. Notice at the bottom it shows the total puts and calls that traded that day. That's across all expiration months.

upload_2015-3-14_16-14-28.png


Going one step further here's a screen shot of the March 15 options. Notice the two right hand columns. One is volume and the other OI. Each strike has its own numbers which I think is what you're looking for. Simply add up the volume (either puts, calls, or both for that expiration and you have what you need. You can also purchase this same information from the OCC. It's not cheap but that may be your only option (no pun intended.) If your platform doesn't have this capability you may want to consider a change or an addition to your trading arsenal.


upload_2015-3-14_16-20-11.png


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Currencies exhibit single digit volatility. And, ETF's are very capital intensive when you need to hedge a naked position.
 
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